Plan Ledger DOL Form 5500 · updated monthly

Mutual Trading Company, Inc.401(k)

MTC RETIREMENT PLAN · EL MONTE, CA · plan year 2024

Reported admin expense ratio · 2024
0.47%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Mutual Trading Company, Inc. reported $183,425 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,191 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.45% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,035th-largest of 9,483 plans among California employers on file, and the 975th of 4,246 in wholesale trade. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 565 to 768 since 2022.

Plan summary
Net assets, end of year$42,370,588
Participants with balances675
Active participants768
Employer contributions$1,682,355
Employee contributions$3,009,291
Employer contribution per active participant$2,191
Average account balance$62,771
Benefits paid to participants$1,842,661
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 675 accts · $1.7M emplr
2023$35.0M · 617 accts · $1.6M emplr
2022$28.3M · 563 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$183,425
Total administrative$183,425
The Mutual Trading Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,191
Median for plans this size$2,416
2024$2,191 per active participant
2023$2,723 per active participant
2022$2,111 per active participant

Mutual Trading Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$183,425
ACTUARIAL BENEFITS CORP · Actuarial · Pension consultingindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Contract administrator · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Principal
2023Principal

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Administrative cost history3
2024$183,425 · 0.47%
2023$149,402 · 0.47%
2022$135,983 · 0.45%
Same employer
Similar plansWholesale Trade · California
Calavo Growers, Inc. CA$44.3M · 0.17%
Mygrant Glass Company, Inc. CA$43.0M · 0.36%
Slakey Brothers, Inc. CA$41.6M · 0.23%
Heimark Distributing, LLC CA$41.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951034280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.