Plan Ledger DOL Form 5500 · updated monthly

Ashland Foundry and Machine Works, LLC401(k)

ASHLAND FOUNDRY AND MACHINE WORKS, LLC UNION RETIREMENT PLAN · ASHLAND, PA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Ashland Foundry and Machine Works, LLC reported $36,135 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,340 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 0.60%. 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 Pennsylvania (2,708th of 3,651), and 10,503rd of 13,661 in manufacturing. In 2024, employees put in $2.69 for every $1.00 the employer contributed; active participation has grown from 125 to 139 since 2022.

Plan summary
Net assets, end of year$6,354,109
Participants with balances144
Active participants139
Employer contributions$186,206
Employee contributions$500,099
Employer contribution per active participant$1,340
Average account balance$44,126
Benefits paid to participants$651,535
Plan auditUnmodified (clean) audit opinion
AuditorSASSETTI LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 144 accts · $186K emplr
2023$5.7M · 156 accts · $155K emplr
2022$5.2M · 146 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,386
Investment management$14,749
Total administrative$36,135
The Ashland Foundry and Machine Works, LLC 401(k) match · 2024
Employer contribution per active participant$1,340
Median for plans this size$1,313
2024$1,340 per active participant
2023$1,243 per active participant
2022$1,009 per active participant

Ashland Foundry and Machine Works, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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
STRATEGIES WEALTH ADVISORS, LLC · Investment advisory (plan)$14,749

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$36,135 · 0.60%
2023$36,608 · 0.67%
2022$37,629 · 0.62%
Same employer
Similar plansManufacturing · Pennsylvania
Shanks Extracts, LLC PA$6.5M · 0.73%
Eagle Printing Company PA$6.4M · 0.30%
Westlake Plastics Company PA$6.4M · 0.88%
Befesa Zinc Metal LLC PA$6.4M · 0.36%
Iron Hill Brewery PA$6.3M · 1.41%
Tavo Packaging, Inc. PA$6.2M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815042835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.