Plan Ledger DOL Form 5500 · updated monthly

3SI Security Systems, Inc.401(k)

RETIREMENT PLAN OF 3SI SECURITY SYSTEMS, INC. · MALVERN, PA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

3SI Security Systems, Inc. reported $68,731 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,917 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 0.33% to 0.30%. 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 1,378th-largest of 3,651 plans among Pennsylvania employers on file, and the 5,245th of 13,661 in manufacturing. In 2024, employees put in $3.22 for every $1.00 the employer contributed; active participation has grown from 203 to 255 since 2022.

Plan summary
Net assets, end of year$24,108,177
Participants with balances315
Active participants255
Employer contributions$488,826
Employee contributions$1,576,225
Employer contribution per active participant$1,917
Average account balance$76,534
Benefits paid to participants$4,057,638
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 315 accts · $489K emplr
2023$21.9M · 259 accts · $462K emplr
2022$19.7M · 241 accts · $375K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,707
Investment management$22,024
Total administrative$68,731
The 3SI Security Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$1,917
Median for plans this size$2,416
2024$1,917 per active participant
2023$2,255 per active participant
2022$1,846 per active participant

3SI Security Systems, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,706
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$13,273
CAPFINANCIAL PARTNERS · Investment advisory (plan)$8,750
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$68,731 · 0.30%
2023$68,619 · 0.33%
2022$73,137 · 0.33%
Same employer
Similar plansManufacturing · Pennsylvania
Piramal Critical Care, Inc. PA$24.3M · 0.45%
Teikoku USA Inc. PA$24.3M · 0.30%
State of the Art, Inc. PA$24.2M · 0.25%
B & G Manufacturing, Inc. PA$24.0M · 0.25%
American Hydro PA$23.9M · 0.22%
Gertrude Hawk Brands, Inc. PA$23.9M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371434250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.