Plan Ledger DOL Form 5500 · updated monthly

Chem-Plate Industries, Inc.401(k)

CHEM-PLATE INDUSTRIES, INC. 401(K) PLAN · ELK GROVE VILLAGE, IL · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Chem-Plate Industries, Inc. reported $31,188 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.85%. 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 Illinois (3,118th of 3,702), and 11,838th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$3,812,488
Participants with balances132
Active participants140
Employer contributions$0
Employee contributions$324,544
Employer contribution per active participant$0
Average account balance$28,882
Benefits paid to participants$429,847
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 132 accts
2023$3.6M · 132 accts
2022$3.1M · 130 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,083
Investment management$18,105
Total administrative$31,188
The Chem-Plate Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Chem-Plate Industries, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
MMA SECURITIES LLC · Investment advisory (plan)$18,105

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$31,188 · 0.85%
2023$29,137 · 0.87%
2022$28,449 · 0.86%
Similar plansManufacturing · Illinois
Rack Builders, Inc. IL$3.9M · 1.22%
Tampico Beverages Inc. IL$3.9M · 0.67%
Feralloy Corporation IL$3.8M · 0.12%
Sureway Group, Inc. IL$3.7M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362886942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.