Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Mayville Engineering
Mayville Engineering 401(k)
- MEC NYSE
- Manufacturing
- Milwaukee, WI
- EIN 39-0944729
- 1 plan with Schedule H financials
- Plan year 2024
- Mayville Engineering Company, Inc.
- filed as Mayville Engineering Company, Inc
Administrative expenses excluding investment management, per participant · Mayville Engineering Company, Inc. 401(k) Plan · plan year 2024
$80.97
Higher than 42% of the 8,758 plans $50 to 250M that report it.
Source
= $214,735 / 2,652
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250625091858NAL0018542818001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625091858NAL0018542818001, received 2025-06-25
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-25.
Cost and contributions
Administrative expenses per participant
$80.97
Higher than 28% of the 9,042 plans $50 to 250M that report it.
Source
= $214,735 / 2,652
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250625091858NAL0018542818001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625091858NAL0018542818001, received 2025-06-25
Administrative expenses as a share of assets
0.138%
Higher than 51% of the 9,049 plans $50 to 250M that report it.
Source
= $214,735 / $156,072,778
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250625091858NAL0018542818001, received 2025-06-25
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250625091858NAL0018542818001, received 2025-06-25
Employer contributions per participant
$1,276
Higher than 15% of the 9,105 plans $50 to 250M that report it.
Source
= $3,383,829 / 2,652
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250625091858NAL0018542818001, received 2025-06-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625091858NAL0018542818001, received 2025-06-25
Employer share of total contributions
19.4%
Higher than 17% of the 9,112 plans $50 to 250M that report it.
Source
= $3,383,829 / $17,424,163
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250625091858NAL0018542818001, received 2025-06-25
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250625091858NAL0018542818001, received 2025-06-25
Plan terms, as stated in Mayville Engineering Company, Inc.'s SEC filings
Employer match
“All Plan participants are eligible for employer matching contributions equal to 50% of the participant’s contributions up to a maximum of 6% of eligible compensation.”
Form 11-K filed 2026-06-18, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Employees become eligible to participate in the Plan for both employee and employer match contributions on the first entry date after an employee’s hire date.”
Form 11-K filed 2026-06-18, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Vesting in the Company’s match and discretionary contribution portion of their accounts is based on years of continuous service.”
Form 11-K filed 2026-06-18, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-06-18, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250625091858NAL0018542818001, received 2025-06-25
Full record, Mayville Engineering Company, Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MAYVILLE ENGINEERING COMPANY, INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Plan name | MAYVILLE ENGINEERING COMPANY, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Sponsor EIN / plan number | 39-0944729 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Sponsor location | MILWAUKEE, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Industry (business code) | 332900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Filing received | 2025-06-25 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Participants, beginning of year | 3,309 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Active participants | 2,197 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Participants, end of year | 2,714 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Participants with an account balance | 2,652 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total assets, beginning of year | $149,601,324 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total assets, end of year | $156,072,778 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Net assets, end of year | $156,072,778 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total income | $38,122,463 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Net income | $5,231,882 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Employer contributions | $3,383,829 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Participant contributions | $9,362,316 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Other contributions (incl. rollovers) | $4,678,018 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total contributions | $17,424,163 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Benefit payments | $32,645,756 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total expenses (incl. benefit payments) | $32,890,581 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Total administrative expenses | $214,735 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Contract administrator fees | $214,735 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Administrative expenses excluding investment management | $214,735 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Held in mutual funds | $122,966,422 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250625091858NAL0018542818001, received 2025-06-25 |
| Independent auditor | WIPFLI LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250625091858NAL0018542818001, received 2025-06-25 |
Position = column in the DOL layout for form year 2024. Filing 20250625091858NAL0018542818001, received 2025-06-25.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $214,735 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250625091858NAL0018542818001, received 2025-06-25.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $149,601,324 | $156,072,778 | 4.3% |
| Participants with a balance | 2,989 | 2,652 | -11.3% |
| Administrative expenses | $237,645 | $214,735 | -9.6% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $3,411,308 | $3,383,829 | -0.8% |
Prior filing 20240625081133NAL0007021473001, received 2024-06-25; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: MAYVILLE ENGINEERING COMPANY, INC; SEC registrant: Mayville Engineering Company, Inc. (CIK 1766368, matched by EIN; display name from the Form 11-K cover).