Plan Ledger DOL Form 5500 · updated monthly

Allied-Locke Industries, Inc.401(k)

ALLIED LOCKE INDUSTRIES, INC. 401(K) SAVINGS PLAN · DIXON, IL · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Allied-Locke Industries, Inc. reported $87,410 in plan administrative expenses for 2023: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $700 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 0.55% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (1,902nd of 3,702), and the 6,675th of 13,661 in manufacturing. In 2023, employees put in $3.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,504,086
Participants with balances211
Active participants260
Employer contributions$182,097
Employee contributions$683,716
Employer contribution per active participant$700
Average account balance$78,218
Benefits paid to participants$1,113,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 193 accts · $181K emplr
2023$16.5M · 211 accts · $182K emplr
2022$14.4M · 239 accts · $177K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,814
Trustee / custodial$82,596
Total administrative$87,410
The Allied-Locke Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$700
Median for plans this size$2,440
2024$710 per active participant
2023$700 per active participant
2022$725 per active participant

Allied-Locke Industries, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MIDLAND STATES BANK · Trustee (discretionary)$87,702
CHARLES SCHWAB TRUST BANK · Custodial (securities)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$92,352 · 0.57%
2023$87,410 · 0.57%
2022$85,487 · 0.55%
Same employer
Similar plansManufacturing · Illinois
Bag Makers, Inc. IL$16.7M · 0.54%
Budnick Converting, Inc. IL$16.6M · 0.50%
Rana USA, Inc. IL$16.6M · 0.29%
Ceratizit USA, Inc. IL$16.4M · 0.35%
Lake County Press, Inc. IL$16.4M · 0.12%
Rukel Management, LLC IL$16.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362551805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.