Plan Ledger DOL Form 5500 · updated monthly

True Mfg. Co., Inc.401(k)

TRUE MANUFACTURING COMPANY, INC. 401(K) PLAN · O FALLON, MO · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

True Mfg. Co., Inc. reported $476,855 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $1,911 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 3 years on file its reported administrative ratio has held roughly steady near 0.22%. 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 101st-largest of 1,393 plans among Missouri employers on file, and the 1,062nd of 13,661 in manufacturing. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$226,976,667
Participants with balances3,148
Active participants2,908
Employer contributions$5,558,137
Employee contributions$11,374,100
Employer contribution per active participant$1,911
Average account balance$72,102
Benefits paid to participants$15,162,844
Plan auditUnmodified (clean) audit opinion
AuditorSFW PARTNERS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$227.0M · 3,148 accts · $5.6M emplr
2023$198.1M · 3,054 accts · $5.1M emplr
2022$166.6M · 3,057 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$381,071
Investment management$95,784
Total administrative$476,855
The True Mfg. Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,911
Median for plans this size$3,635
2024$1,911 per active participant
2023$1,800 per active participant
2022$1,683 per active participant

True Mfg. Co., Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · Contract administrator · Loan processing$381,071
INTELLICENTS INVESTMENTS SOLUTIONS · Investment advisory (plan)$95,784
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$476,855 · 0.22%
2023$410,065 · 0.22%
2022$410,581 · 0.23%
Same employer
Similar plansManufacturing · Missouri
Hussmann Corporation MO$410.5M · 0.13%
Belden Inc. MO$392.0M · 0.11%
Mitek USA, Inc. MO$348.8M · 0.03%
Cic Group, Inc. MO$171.0M · 0.06%
Hillyard Industries, Inc. MO$153.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430709967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.