Plan Ledger DOL Form 5500 · updated monthly

Creform Corporation401(k)

CREFORM CORPORATION 401(K) RETIREMENT PLAN · GREER, SC · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Creform Corporation reported $41,188 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,457 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 0.29% to 0.22%. 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 273rd-largest of 807 plans among South Carolina employers on file, and the 5,961st of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,828,870
Participants with balances119
Active participants118
Employer contributions$407,958
Employee contributions$636,148
Employer contribution per active participant$3,457
Average account balance$166,629
Benefits paid to participants$1,639,695
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 119 accts · $408K emplr
2023$18.1M · 113 accts · $374K emplr
2022$16.9M · 118 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,188
Total administrative$41,188
The Creform Corporation 401(k) match · 2024
Employer contribution per active participant$3,457
Median for plans this size$2,416
2024$3,457 per active participant
2023$3,255 per active participant
2022$2,933 per active participant

Creform 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 · 20245
NEW EDGE ADVISORS LLC · Investment advisory (plan)$18,454
EMPOWER ADVISORY GROUP, LLC · Investment management$5,117
ASCENSUS HOLDINGS INC DBA FUTUREPLA · Contract administrator$1,820
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$1,813

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$41,188 · 0.22%
2023$44,442 · 0.25%
2022$53,375 · 0.29%
Same employer
Similar plansManufacturing · South Carolina
Thorne Research, Inc. SC$20.3M · 0.88%
McCall Farms, Inc. SC$20.1M · 0.67%
Southland Container Corp. SC$18.6M · 0.35%
3V Sigma USA Inc. SC$17.6M · 0.37%
Marcone Group SC$17.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570934092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.