Plan Ledger DOL Form 5500 · updated monthly

Chromascape Inc.401(k)

CHROMASCAPE INC. 401(K) PLAN · INDEPENDENCE, OH · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Chromascape Inc. reported $76,796 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $3,402 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 0.83% to 0.78%. 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 Ohio (1,961st of 3,295), and 8,613th of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 191 to 217 since 2022.

Plan summary
Net assets, end of year$10,386,977
Participants with balances256
Active participants217
Employer contributions$738,135
Employee contributions$1,314,569
Employer contribution per active participant$3,402
Average account balance$40,574
Benefits paid to participants$2,226,612
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 256 accts · $738K emplr
2023$9.4M · 266 accts · $514K emplr
2022$7.4M · 208 accts · $408K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,940
Investment management$40,856
Total administrative$76,796
The Chromascape Inc. 401(k) match · 2024
Employer contribution per active participant$3,402
Median for plans this size$1,313
2024$3,402 per active participant
2023$2,197 per active participant
2022$2,137 per active participant

Chromascape Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$24,238
ANCORA RETIREMENT PLAN ADVISORS INC · Investment advisory (plan)$13,494
EMPOWER ADVISORY GROUP, LLC · Investment management$3,124

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$76,796 · 0.78%
2023$61,504 · 0.73%
2022$51,127 · 0.83%
Same employer
Similar plansManufacturing · Ohio
Main Street Gourmet LLC OH$10.6M · 0.50%
Thogus Products Company OH$10.5M · 0.77%
Industry Products Company OH$10.5M · 0.02%
Jsw Steel USA Ohio, Inc. OH$10.3M · 0.71%
Tfo Tech Company LTD. OH$10.2M · 0.21%
Canton Drop Forge, Inc. OH$10.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341861574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.