Plan Ledger DOL Form 5500 · updated monthly

Accutec Blades, Inc.401(k)

ACCUTEC BLADES, INC. 401K PLAN · VERONA, VA · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Accutec Blades, Inc. reported $89,837 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,709 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 0.19% to 0.74%. 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 among the smaller plans on file in Virginia (1,296th of 2,266), and 7,748th of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,911,357
Participants with balances178
Active participants208
Employer contributions$563,487
Employee contributions$1,000,853
Employer contribution per active participant$2,709
Average account balance$72,536
Benefits paid to participants$1,521,992
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 178 accts · $563K emplr
2023$11.3M · 190 accts · $454K emplr
2022$8.6M · 179 accts · $414K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,837
Total administrative$89,837
The Accutec Blades, Inc. 401(k) match · 2024
Employer contribution per active participant$2,709
Median for plans this size$2,416
2024$2,709 per active participant
2023$1,932 per active participant
2022$1,831 per active participant

Accutec Blades, Inc.'s 2024 employer contribution ran above 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$83,624
ORENDA RETIREMENT, LLC · Other services · Contract administrator$6,224
SIDE BY SIDE FINANCIALS, INC. · Contract administratorindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · 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$89,837 · 0.74%
2023$38,174 · 0.38%
2022$16,889 · 0.19%
Same employer
Similar plansManufacturing · Virginia
Hermes Abrasives, LTD. VA$13.1M · 0.07%
Bowman Andros Products, LLC VA$13.0M · 1.03%
Rowe Fine Furniture, Inc. VA$13.0M · 0.38%
Main Industries, Inc. VA$13.0M · 0.14%
Valcom, Inc. VA$12.8M · 0.06%
Monoflo International, Inc. VA$12.5M · 0.08%
Ross Industries, Inc. VA$11.9M · 0.24%
Aip-Cas Holdings, LLC VA$11.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474381390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.