Plan Ledger DOL Form 5500 · updated monthly

Armor Metal Group, Inc.401(k)

ARMOR METAL GROUP, INC. PLAN AND TRUST · MASON, OH · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Armor Metal Group, Inc. reported $83,435 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,244 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 0.49%. 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 1,458th-largest of 3,295 plans among Ohio employers on file, and the 6,447th of 13,661 in manufacturing. In 2024, employees put in $3.38 for every $1.00 the employer contributed; active participation has grown from 266 to 320 since 2022.

Plan summary
Net assets, end of year$17,531,878
Participants with balances396
Active participants320
Employer contributions$398,193
Employee contributions$1,345,122
Employer contribution per active participant$1,244
Average account balance$44,272
Benefits paid to participants$2,309,103
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 396 accts · $398K emplr
2023$16.4M · 369 accts · $391K emplr
2022$13.8M · 367 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,435
Total administrative$83,435
The Armor Metal Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,244
Median for plans this size$2,416
2024$1,244 per active participant
2023$1,397 per active participant
2022$1,298 per active participant

Armor Metal Group, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$83,434
HANSON MCCLAIN, LP · Investment advisory (plan)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$83,435 · 0.49%
2023$78,003 · 0.52%
2022$74,346 · 0.50%
Similar plansManufacturing · Ohio
Bearing Technologies, LTD OH$17.7M · 0.10%
Steere Enterprises, Inc. OH$17.7M · 0.25%
Capital Resin Corporation OH$17.7M · 0.32%
Aurora Plastics, Inc. OH$17.6M · 0.49%
Wyandot, Inc. OH$17.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364500353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.