Plan Ledger DOL Form 5500 · updated monthly

Concote Corporation401(k)

CONCOTE CORPORATION 401K PLAN · COPPELL, TX · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Concote Corporation reported $3,500 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,479 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 rose from 0.02% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,609th-largest of 5,688 plans among Texas employers on file, and 7,572nd of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,444,358
Participants with balances124
Active participants160
Employer contributions$236,604
Employee contributions$421,511
Employer contribution per active participant$1,479
Average account balance$108,422
Benefits paid to participants$721,676
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 124 accts · $237K emplr
2023$11.7M · 121 accts · $224K emplr
2022$9.9M · 119 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,050
Total administrative$3,500
The Concote Corporation 401(k) match · 2024
Employer contribution per active participant$1,479
Median for plans this size$2,416
2024$1,479 per active participant
2023$1,532 per active participant
2022$1,260 per active participant

Concote Corporation's 2024 employer contribution ran below the $2,416 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 · 20241

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$3,500 · 0.03%
2023$2,800 · 0.03%
2022$2,100 · 0.02%
Same employer
Similar plansManufacturing · Texas
Optimus Steel LLC TX$13.8M · 0.31%
Freshrealm LLC TX$13.6M · 1.15%
Spr Packaging LLC TX$13.4M · 0.44%
Applied Concepts, Inc. TX$13.4M · 0.87%
Jm Texas Companies, LLC TX$13.0M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751324820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.