Plan Ledger DOL Form 5500 · updated monthly

Akron Polymer Products, Inc.401(k)

AKRON POLYMER PRODUCTS, INC. 401(K) PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Akron Polymer Products, Inc. reported $39,113 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $784 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 0.33% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,364th of 3,295), and 10,434th of 13,661 in manufacturing. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 312 to 358 since 2022.

Plan summary
Net assets, end of year$6,479,509
Participants with balances266
Active participants358
Employer contributions$280,577
Employee contributions$427,747
Employer contribution per active participant$784
Average account balance$24,359
Benefits paid to participants$483,350
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 266 accts · $281K emplr
2023$4.5M · 301 accts · $270K emplr
2022$3.5M · 283 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,067
Investment management$1,046
Total administrative$39,113
The Akron Polymer Products, Inc. 401(k) match · 2024
Employer contribution per active participant$784
Median for plans this size$1,313
2024$784 per active participant
2023$777 per active participant
2022$934 per active participant

Akron Polymer Products, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$5,388
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$1,046

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,113 · 0.71%
2023$30,397 · 0.76%
2022$12,211 · 0.33%
Same employer
Similar plansManufacturing · Ohio
H & M Metal Processing OH$6.5M · 0.21%
Pgi Holdings, LLC OH$6.5M · 0.42%
Ridge Corporation OH$6.5M · 0.35%
Tss Acquisition Company OH$6.5M · 0.96%
Multilink, Inc. OH$6.4M · 0.87%
Htv Industries, Inc. OH$6.3M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341529799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.