Plan Ledger DOL Form 5500 · updated monthly

Argon Industries, Inc401(k)

ARGON 401K PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Argon Industries, Inc reported $29,425 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $345 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 1.28% to 1.07%. 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 Wisconsin (1,753rd of 1,936), and 12,165th of 13,661 in manufacturing. In 2024, employees put in $6.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,218,023
Participants with balances126
Active participants103
Employer contributions$35,522
Employee contributions$248,433
Employer contribution per active participant$345
Average account balance$25,540
Benefits paid to participants$125,772
Plan auditUnmodified (clean) audit opinion
AuditorDJA CPAS, S.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 126 accts · $36K emplr
2023$2.3M · 106 accts · $32K emplr
2022$1.9M · 114 accts · $35K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,336
Investment management$25,089
Total administrative$29,425
The Argon Industries, Inc 401(k) match · 2024
Employer contribution per active participant$345
Median for plans this size$1,313
2024$345 per active participant
2023$368 per active participant
2022$362 per active participant

Argon Industries, Inc's 2024 employer contribution ran below the $1,313 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$29,425

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$29,425 · 1.07%
2023$55,363 · 2.67%
2022$26,769 · 1.28%
Same employer
Similar plansManufacturing · Wisconsin
Carnivore Meat Company WI$3.5M · 0.63%
Branches LLC WI$3.5M · 0.84%
Cpt, Inc. WI$3.4M · 0.91%
Vital Plastics, Inc WI$3.2M · 0.34%
Octopi Brewing LLC WI$3.1M · 0.06%
Panoramic, Inc. WI$3.1M · 0.62%
Mastermold LLC WI$3.1M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010601214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.