Plan Ledger DOL Form 5500 · updated monthly

Chiyoda USA Corporation401(k)

CHIYODA USA CORP ASSOCIATE 401(K) RETIREMENT PLAN · GREENCASTLE, IN · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Chiyoda USA Corporation reported $51,912 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,052 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 1.28% to 1.15%. 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 Indiana (1,179th of 1,562), and 11,204th of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 188 to 286 since 2022.

Plan summary
Net assets, end of year$4,990,473
Participants with balances260
Active participants286
Employer contributions$300,853
Employee contributions$546,428
Employer contribution per active participant$1,052
Average account balance$19,194
Benefits paid to participants$453,464
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 260 accts · $301K emplr
2023$4.1M · 189 accts · $268K emplr
2022$3.1M · 170 accts · $183K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,912
Total administrative$51,912
The Chiyoda USA Corporation 401(k) match · 2024
Employer contribution per active participant$1,052
Median for plans this size$1,313
2024$1,052 per active participant
2023$1,380 per active participant
2022$976 per active participant

Chiyoda USA Corporation'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$51,911
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)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$51,912 · 1.15%
2023$42,844 · 1.20%
2022$43,390 · 1.28%
Same employer
Similar plansManufacturing · Indiana
Vandor Corporation IN$5.0M · 0.92%
J. Squared Inc. IN$5.0M · 0.33%
Grote Industries, LLC IN$5.0M · 0.41%
Wessels Company IN$5.0M · 0.03%
Wirco, Inc. IN$5.0M · 0.43%
Reelcraft Holdings, LLC IN$4.9M · 1.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202873811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.