Plan Ledger DOL Form 5500 · updated monthly

Beitzel Corporate Services401(k)

BEITZEL CORPORATION AND PILLAR INNOVATIONS LLC 401(K) PROFIT SHARING PLAN · GRANTSVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Beitzel Corporate Services reported $120,417 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,300 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 rose from 0.31% to 0.39%. 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 434th-largest of 1,671 plans among Maryland employers on file, and the 4,102nd of 13,661 in manufacturing. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has grown from 461 to 600 since 2022.

Plan summary
Net assets, end of year$34,136,074
Participants with balances889
Active participants600
Employer contributions$779,783
Employee contributions$2,426,931
Employer contribution per active participant$1,300
Average account balance$38,398
Benefits paid to participants$2,087,967
Plan auditUnmodified (clean) audit opinion
AuditorTHE RODEHEAVER GROUP P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 889 accts · $780K emplr
2023$28.3M · 771 accts · $640K emplr
2022$23.5M · 633 accts · $606K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,279
Investment management$1,288
Total administrative$120,417
The Beitzel Corporate Services 401(k) match · 2024
Employer contribution per active participant$1,300
Median for plans this size$2,416
2024$1,300 per active participant
2023$1,152 per active participant
2022$1,314 per active participant

Beitzel Corporate Services'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
CBIZ INVESTMENT ADVISORY SERVICES, · Investment advisory (participants)$1,990
CBIZ BENEFITS & INSURANCE SERVICES · Other servicesindirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)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$120,417 · 0.39%
2023$90,777 · 0.35%
2022$80,920 · 0.31%
Same employer
Similar plansManufacturing · Maryland
Phoenix Color Corp. MD$38.3M · 0.18%
Elite Spice, Inc. MD$37.8M · 0.32%
District Photo, Inc. MD$35.5M · 0.37%
Advanced Programs, Inc. MD$32.6M · 0.01%
Paul Reed Smith Guitars, LP MD$31.9M · 0.24%
Origene Technologies, Inc. MD$28.9M · 0.28%
Clendenin Brothers, Inc. MD$28.5M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521144641 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.