Plan Ledger DOL Form 5500 · updated monthly

Myers Power Products, Inc.401(k)

MYERS POWER PRODUCTS, INC. 401(K) SAVINGS PLAN · ONTARIO, CA · plan year 2024

Reported admin expense ratio · 2024
0.69%

Myers Power Products, Inc. reported $38,524 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. 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 fell from 1.19% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (6,821st of 9,483), and 10,909th of 13,661 in manufacturing. active participation has shrunk from 145 to 106 since 2022.

Plan summary
Net assets, end of year$5,556,115
Participants with balances130
Active participants106
Employer contributions—
Employee contributions$323,817
Employer contribution per active participant—
Average account balance$42,739
Benefits paid to participants$1,169,793
Plan auditUnmodified (clean) audit opinion
AuditorAMA CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 130 accts
2023$5.5M · 150 accts
2022$5.0M · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,133
Investment management$22,391
Total administrative$38,524
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
UBS FINANCIAL SERVICES INC. · Investment advisory (participants) · Investment advisory (plan)$22,391
THE VANGUARD GROUP, INC. · Loan processing$16,133
EC BARRETT, LLC · Accounting / audit$13,250

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

Administrative cost history3
2024$38,524 · 0.69%
2023$48,536 · 0.92%
2022$65,127 · 1.19%
Similar plansManufacturing · California
Induspac California, Inc. CA$5.7M · 0.68%
Wilcox Machine CA$5.6M · 0.74%
Evans Manufacturing, LLC CA$5.6M · 0.84%
Genlabs CA$5.5M · 0.44%
Robar Enterprises, Inc. CA$5.5M · 0.95%
Avocado Green Brands, LLC CA$5.5M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223822655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.