Plan Ledger DOL Form 5500 · updated monthly

Betts Industries, Inc.401(k)

BETTS INDUSTRIES, INC. 401(K) PLAN · WARREN, PA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Betts Industries, Inc. reported $127,042 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $4,824 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 0.22% to 0.27%. 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 807th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,200th of 13,661 in manufacturing. In 2024, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,924,634
Participants with balances322
Active participants296
Employer contributions$1,427,952
Employee contributions$1,767,863
Employer contribution per active participant$4,824
Average account balance$151,940
Benefits paid to participants$2,859,397
Plan auditUnmodified (clean) audit opinion
AuditorSCHAFFNER, KNIGHT, MINNAUGH & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$48.9M · 322 accts · $1.4M emplr
2023$46.4M · 319 accts · $1.4M emplr
2022$37.9M · 310 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,266
Investment management$105,852
Audit (IQPA)$11,924
Total administrative$127,042
The Betts Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$4,824
Median for plans this size$2,416
2024$4,824 per active participant
2023$4,821 per active participant
2022$4,575 per active participant

Betts Industries, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
AMERIPRISE FINANCIAL SERVICES INC · Investment advisory (plan)$105,852
SCHAFFNER, KNIGHT, MINNAUGH & CO. · Accounting / audit$11,924
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,266

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$127,042 · 0.27%
2023$91,371 · 0.22%
2022$87,259 · 0.22%
Same employer
Similar plansManufacturing · Pennsylvania
Ardex, L.P. PA$50.0M · 0.23%
Ipeg, Inc. PA$49.9M · 0.01%
Trinseo, LLC PA$49.4M · 0.10%
Powerex, Inc. PA$48.9M · 0.07%
Mylan Pharmaceuticals Inc. PA$48.5M · 0.01%
Greene, Tweed & Co., Inc. PA$48.2M · 0.12%
York Container Company PA$47.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250928077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.