Department of Labor filing

MEYER PRODUCTS, LLC

MEYER PRODUCTS/SWENSON SPREADER 401(K) PROGRAM · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 2, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

25filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,270

Reported employer contributions per active participant.

Higher than about 21% of comparable plans

#People in the filing

126

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$246 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 35% of comparable plans

↗Investment performance

Not available

Plan assets changed 7.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202425out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions21st percentileTypical peer $2,293 · based on 622 comparable plans

Lower reported administrative expense35th percentileTypical peer $193 · based on 639 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MEYER PRODUCTS, LLC reported $160,081 in employer contributions across the plan and 126 active participants. That works out to $1,270 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy68%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 15.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 89.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context25/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $160,081
Participant contributions: $415,217
Other contributions: $13,500
Employer share of reported contributions: 27.8%
Beginning assets: $6,095,343
Ending assets: $6,546,990
Ending net assets: $6,546,990
Ending liabilities: $0
Total income: $1,473,713
Total expenses: $1,022,066
Administrative expenses: $47,255
Participant loans: $92,289

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,100

2023

$1,046

2024

$1,270

Plan-paid administrative expenses per participant

2022

$130

2023

$224

2024

$246

Active participants

2022

134

2023

152

2024

126

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,270	126	6.5M	20251002114200NAL0000314243001
2023	$1,046	152	6.1M	20241010142736NAL0034454928001
2022	$1,100	134	5.5M	20231010213741NAL0029170353001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 202176276-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2016
Industry: Industry group 333
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D3H

Current plan terms

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Filing ACK_ID20251002114200NAL0000314243001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗