Plan Ledger DOL Form 5500 · updated monthly

Abx Innovative Packaging401(k)

ABX 401(K) RETIREMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Abx Innovative Packaging reported $77,591 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,619 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 0.13% to 0.19%. 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 424th-largest of 2,005 plans among North Carolina employers on file, and the 3,492nd of 13,661 in manufacturing. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,125,636
Participants with balances814
Active participants685
Employer contributions$1,108,847
Employee contributions$3,074,506
Employer contribution per active participant$1,619
Average account balance$52,980
Benefits paid to participants$6,166,920
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.1M · 814 accts · $1.1M emplr
2023$40.5M · 789 accts · $1.7M emplr
2022$39.0M · 575 accts · $774K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,274
Investment management$55,317
Total administrative$77,591
The Abx Innovative Packaging 401(k) match · 2024
Employer contribution per active participant$1,619
Median for plans this size$2,416
2024$1,619 per active participant
2023$2,437 per active participant
2022$1,120 per active participant

Abx Innovative Packaging'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$41,027
MML INVESTORS SERVICES, INC. · Recordkeeping · Trustee$36,562
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, MML INVESTORS SERVICES, INC.
2023ADP, MML INVESTORS SERVICES, INC.

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Administrative cost history3
2024$77,591 · 0.19%
2023$69,130 · 0.17%
2022$54,200 · 0.13%
Same employer
Similar plansManufacturing · North Carolina
Stallergenes Greer NC$44.9M · 0.13%
Culp Inc NC$44.7M · 0.30%
Renfro Brands LLC NC$44.2M · 0.26%
Murata Machinery USA, Inc. NC$41.8M · 0.24%
The Intertech Group, Inc. NC$41.2M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853261538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.