Plan Ledger DOL Form 5500 · updated monthly

National Machinery LLC401(k)

NATIONAL MACHINERY LLC SAVINGS PLAN · TIFFIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

National Machinery LLC reported $17,641 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,687 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 fell from 0.030% to 0.028%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 528th-largest of 3,295 plans among Ohio employers on file, and the 2,634th of 13,661 in manufacturing. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,282,756
Participants with balances484
Active participants409
Employer contributions$1,507,935
Employee contributions$3,058,470
Employer contribution per active participant$3,687
Average account balance$132,816
Benefits paid to participants$10,925,373
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$64.3M · 484 accts · $1.5M emplr
2023$61.4M · 467 accts · $1.1M emplr
2022$54.3M · 455 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,363
Investment management$10,278
Total administrative$17,641
The National Machinery LLC 401(k) match · 2024
Employer contribution per active participant$3,687
Median for plans this size$3,635
2024$3,687 per active participant
2023$2,928 per active participant
2022$2,957 per active participant

National Machinery LLC's 2024 employer contribution ran above the $3,635 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,278
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,363

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$17,641 · 0.03%
2023$17,883 · 0.03%
2022$18,902 · 0.03%
Similar plansManufacturing · Ohio
Xtek Inc OH$65.7M
Inoac Exterior Systems, LLC OH$64.9M · 0.19%
Kth Parts Industries, Inc. OH$63.7M · 0.05%
Buckeye Corrugated, Inc. OH$63.4M · 0.21%
Sugar Creek Packing Co. OH$63.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030400206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.