Plan Ledger DOL Form 5500 · updated monthly

Charter Manufacturing Company, Inc.401(k)

CHARTER MANUFACTURING COMPANY, INC. PROFIT SHARING & RETIREMENT PLAN · MEQUON, WI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Charter Manufacturing Company, Inc. reported $225,174 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $6,407 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 fell from 0.053% to 0.047%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 66th-largest of 1,936 plans among Wisconsin employers on file, and the 568th of 13,661 in manufacturing. In 2024, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$503,278,380
Participants with balances2,793
Active participants2,332
Employer contributions$14,940,988
Employee contributions$20,367,625
Employer contribution per active participant$6,407
Average account balance$180,193
Benefits paid to participants$45,106,687
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$503.3M · 2,793 accts · $14.9M emplr
2023$454.6M · 2,821 accts · $16.0M emplr
2022$388.8M · 2,805 accts · $14.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,492
Investment management$75,000
Audit (IQPA)$18,682
Total administrative$225,174
The Charter Manufacturing Company, Inc. 401(k) match · 2024
Employer contribution per active participant$6,407
Median for plans this size$4,294
2024$6,407 per active participant
2023$6,862 per active participant
2022$6,476 per active participant

Charter Manufacturing Company, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$131,492
ROBERT W. BAIRD & COMPANY · Investment advisory (plan)$75,000
BAKER TILLY US, LLP · Accounting / audit$18,682

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$225,174 · 0.05%
2023$257,259 · 0.06%
2022$221,917 · 0.05%
Same employer
Similar plansManufacturing · Wisconsin
Waupaca Foundry, Inc. WI$598.5M · 0.08%
Greenheck Fan Corporation WI$578.9M · 0.11%
Promega Corporation WI$418.4M · 0.06%
Modine Manufacturing Company WI$407.5M · 0.12%
Sub-Zero Group, Inc. WI$382.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391138388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.