Plan Ledger DOL Form 5500 · updated monthly

Continental Diamond Tool Corporation401(k)

CONTINENTAL DIAMOND TOOL CORPORATION RETIREMENT READINESS 401(K) PLAN · NEW HAVEN, IN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Continental Diamond Tool Corporation reported $26,439 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,202 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 0.24%. 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 among the smaller plans on file in Indiana (802nd of 1,562), and 7,959th of 13,661 in manufacturing. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,224,646
Participants with balances139
Active participants138
Employer contributions$441,891
Employee contributions$672,825
Employer contribution per active participant$3,202
Average account balance$87,947
Benefits paid to participants$107,628
Plan auditUnmodified (clean) audit opinion
AuditorBADEN, GAGE & SCHROEDER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 139 accts · $442K emplr
2023$9.5M · 123 accts · $381K emplr
2022$7.8M · 120 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,439
Total administrative$26,439
The Continental Diamond Tool Corporation 401(k) match · 2024
Employer contribution per active participant$3,202
Median for plans this size$2,416
2024$3,202 per active participant
2023$2,822 per active participant
2022$2,664 per active participant

Continental Diamond Tool Corporation's 2024 employer contribution ran above 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 · 20242
RETIREMENT PLAN CONCEPTS & SERVICES · Contract administratorindirect 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$26,439 · 0.24%
2023$24,765 · 0.28%
2022$20,256 · 0.25%
Same employer
Similar plansManufacturing · Indiana
Wenzel Metal Spinning, Inc. IN$12.9M · 0.23%
Mossberg & Company, Inc. IN$12.8M · 0.51%
Wieland Designs, Inc. IN$12.6M · 0.66%
Syndicate Sales Inc. IN$12.4M · 0.51%
Albanese Confectionery IN$12.0M · 0.76%
Reelcraft Holdings LLC IN$11.7M · 0.76%
Craftmark Bakery, LLC IN$11.6M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351325078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.