Plan Ledger DOL Form 5500 · updated monthly

Anchor Industries, Inc.401(k)

ANCHOR INDUSTRIES, INC. 401K PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Anchor Industries, Inc. reported $75,442 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,065 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. 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 590th-largest of 1,562 plans among Indiana employers on file, and the 6,175th of 13,661 in manufacturing. In 2024, employees put in $3.71 for every $1.00 the employer contributed; active participation has shrunk from 393 to 342 since 2022.

Plan summary
Net assets, end of year$18,773,348
Participants with balances403
Active participants342
Employer contributions$364,106
Employee contributions$1,350,263
Employer contribution per active participant$1,065
Average account balance$46,584
Benefits paid to participants$2,795,691
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI AND CO. P.S.C.
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 403 accts · $364K emplr
2023$17.8M · 448 accts · $359K emplr
2022$14.7M · 470 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,842
Audit (IQPA)$10,600
Total administrative$75,442
The Anchor Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,065
Median for plans this size$2,416
2024$1,065 per active participant
2023$987 per active participant
2022$851 per active participant

Anchor Industries, 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 · 20243
OLD NATIONAL WEALTH MANAGEMENT · Investment advisory (plan)$15,000
HARDING, SHYMANSKI AND COMPANY, P. · Accounting / audit$10,600

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$75,442 · 0.41%
2023$68,500 · 0.42%
2022$64,268 · 0.40%
Same employer
Similar plansManufacturing · Indiana
Thermwood Corporation IN$19.0M · 0.06%
Helmer Scientific LLC IN$19.0M · 0.40%
Aluminum Trailer Company IN$18.8M · 0.02%
Graber Post Buildings, Inc. IN$18.7M · 0.23%
Auburn Gear, LLC IN$18.5M · 0.34%
Micrometl Corporation IN$18.5M · 0.68%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 350146550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.