Plan Ledger DOL Form 5500 · updated monthly

Unarco Material Handling, Inc.401(k)

UNARCO MATERIAL HANDLING 401(K) PLAN · SPRINGFIELD, TN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Unarco Material Handling, Inc. reported $53,246 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $637 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 0.22% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 487th-largest of 1,496 plans among Tennessee employers on file, and the 5,261st of 13,661 in manufacturing. In 2024, employees put in $3.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,005,001
Participants with balances293
Active participants530
Employer contributions$337,523
Employee contributions$1,118,564
Employer contribution per active participant$637
Average account balance$81,928
Benefits paid to participants$2,312,343
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 293 accts · $338K emplr
2023$22.3M · 271 accts · $302K emplr
2022$19.8M · 257 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,246
Total administrative$53,246
The Unarco Material Handling, Inc. 401(k) match · 2024
Employer contribution per active participant$637
Median for plans this size$2,416
2024$637 per active participant
2023$572 per active participant
2022$500 per active participant

Unarco Material Handling, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE CO. · Contract administrator · Loan processing$43,878
ACCUFF & ASSOCIATES · Contract administrator · Other services$8,250

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$53,246 · 0.23%
2023$46,350 · 0.22%
2022$47,191 · 0.22%
Same employer
Similar plansManufacturing · Tennessee
Crown Bakeries, LLC TN$25.2M · 0.63%
Penn a Kem LLC TN$25.0M · 0.20%
Jpw Industries, Inc. TN$24.8M · 0.56%
Huf North America TN$24.1M · 0.43%
Highly Marelli USA TN$23.3M · 0.14%
K.T.G. USA TN$21.9M · 0.07%
The Robinette Company TN$21.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621593382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.