Plan Ledger DOL Form 5500 · updated monthly

Borla Performance Industries Inc401(k)

BORLA PERFORMANCE INDUSTRIES, INC. 401(K) RETIREMENT PLAN · JOHNSON CITY, TN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Borla Performance Industries Inc reported $7,308 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $879 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 0.06% to 0.12%. 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 Tennessee (988th of 1,496), and 10,451st of 13,661 in manufacturing. In 2024, employees put in $3.27 for every $1.00 the employer contributed; active participation has shrunk from 304 to 237 since 2022.

Plan summary
Net assets, end of year$6,444,074
Participants with balances186
Active participants237
Employer contributions$208,332
Employee contributions$681,726
Employer contribution per active participant$879
Average account balance$34,646
Benefits paid to participants$500,308
Plan auditUnmodified (clean) audit opinion
AuditorBLACKBURN, CHILDERS & STEAGALL, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 186 accts · $208K emplr
2023$5.3M · 197 accts · $194K emplr
2022$3.9M · 213 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,308
Total administrative$7,308
The Borla Performance Industries Inc 401(k) match · 2024
Employer contribution per active participant$879
Median for plans this size$1,313
2024$879 per active participant
2023$761 per active participant
2022$674 per active participant

Borla Performance Industries Inc's 2024 employer contribution ran below 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$7,307

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$7,308 · 0.12%
2023$6,664 · 0.14%
2022$2,509 · 0.06%
Same employer
Similar plansManufacturing · Tennessee
Tate Ornamental, Inc. TN$6.6M · 0.92%
Enovate Medical TN$6.5M · 0.88%
Storm Manufacturing Inc. TN$6.5M · 0.65%
M & M Industries Inc TN$6.3M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953792594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.