Plan Ledger DOL Form 5500 · updated monthly

Clampco Products, Inc.401(k)

CLAMPCO PRODUCTS, INC. 401K PROFIT SHARING PLAN · WADSWORTH, OH · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Clampco Products, Inc. reported $33,415 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. 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 2 years on file its reported administrative ratio fell from 0.17% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,408th-largest of 3,295 plans among Ohio employers on file, and the 6,258th of 13,661 in manufacturing. active participation has grown from 197 to 220 since 2022.

Plan summary
Net assets, end of year$18,358,591
Participants with balances161
Active participants220
Employer contributions$0
Employee contributions$542,179
Employer contribution per active participant$0
Average account balance$114,029
Benefits paid to participants$1,539,226
Plan auditUnmodified (clean) audit opinion
AuditorCUNNINGHAM & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 179 accts
2023$18.4M · 161 accts
2022$17.0M · 164 accts · $441K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,415
Total administrative$33,415
The Clampco Products, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Clampco Products, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$31,321
DEFINITI LLC · Contract administrator · Other services$2,099
TAVCO FINANCIAL ADVISORY, INC · Investment advisory (plan)indirect comp
COMMONWEALTH FINANCIAL NETWORK · 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$2,980 · 0.02%
2023$33,415 · 0.19%
2022$31,064 · 0.17%
All plans at this employer2
CLAMPCO PRODUCTS, INC. 401K PROFIT SHARING PLAN401(k)
CLAMPCO PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Ohio
F.C. Industries, Inc. OH$18.4M · 0.45%
Pako, Inc. OH$18.4M · 0.87%
Western Management, Inc. OH$18.4M · 0.09%
General Data Company Inc. OH$18.3M · 0.22%
Powers and Sons, LLC OH$18.3M · 0.41%
Dynamic Dies, Inc OH$18.3M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341097609 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.