Plan Ledger DOL Form 5500 · updated monthly

Alpha Grainger Manufacturing, Inc.401(k)

ALPHA GRAINGER MANUFACTURING, INC. 401(K) SAVINGS AND PROFIT SHARING PLAN · FRANKLIN, MA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Alpha Grainger Manufacturing, Inc. reported $47,030 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $686 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 0.49% to 0.44%. 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 Massachusetts (1,797th of 2,726), and 8,264th of 13,661 in manufacturing. In 2024, employees put in $6.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,265,750
Participants with balances115
Active participants136
Employer contributions$93,282
Employee contributions$575,917
Employer contribution per active participant$686
Average account balance$97,963
Benefits paid to participants$665,182
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 115 accts · $93K emplr
2023$9.9M · 124 accts · $104K emplr
2022$8.0M · 123 accts · $103K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,030
Investment management$19,000
Total administrative$47,030
The Alpha Grainger Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$686
Median for plans this size$2,416
2024$686 per active participant
2023$724 per active participant
2022$718 per active participant

Alpha Grainger Manufacturing, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SENTINEL BENEFITS GROUP, INC. · Recordkeeping$28,030
SENTINEL PENSION ADVISORS · Investment advisory (plan)$19,000

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$47,030 · 0.44%
2023$43,750 · 0.49%
2022$43,376 · 0.49%
Same employer
Similar plansManufacturing · Massachusetts
Rubius Therapeutics, Inc. MA$11.9M · 0.06%
Jaco, Inc. MA$11.5M · 0.31%
Scpharmaceuticals, Inc. MA$11.4M · 0.37%
Lawton Welding Co., Inc. MA$11.3M · 0.30%
Anokiwave, Inc. MA$11.2M · 0.06%
Sound Seal, Inc. MA$11.1M · 0.34%
Curtis Industries, LLC MA$11.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042590960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.