Plan Ledger DOL Form 5500 · updated monthly

Culver Tool & Engineering, LLC401(k)

CULVER TOOL & ENGINEERING, LLC 401(K) PLAN & TRUST · PLYMOUTH, IN · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Culver Tool & Engineering, LLC reported $97,823 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,777 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 1.32%. 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 Indiana (1,006th of 1,562), and 9,790th of 13,661 in manufacturing. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,747,668
Participants with balances180
Active participants202
Employer contributions$358,930
Employee contributions$748,435
Employer contribution per active participant$1,777
Average account balance$43,043
Benefits paid to participants$1,394,241
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 180 accts · $359K emplr
2023$7.0M · 176 accts · $344K emplr
2022$5.7M · 190 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,823
Total administrative$97,823
The Culver Tool & Engineering, LLC 401(k) match · 2024
Employer contribution per active participant$1,777
Median for plans this size$1,313
2024$1,777 per active participant
2023$1,670 per active participant
2022$1,414 per active participant

Culver Tool & Engineering, LLC's 2024 employer contribution ran above the $1,313 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 · 20246
COMMONWEALTH EQUITY SERVICES · Investment advisory (plan)$37,699
INSIGHT ACCOUNTING GROUP PC · Accounting / audit$6,900
EMPOWER ADVISORY GROUP, LLC · Investment management$6,658
RETIREMENT PLAN CONCEPTS & SERVICES · Contract administrator$5,287
KRUGGEL, LAWTON & COMPANY, LLC$4,000

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$97,823 · 1.32%
2023$81,303 · 1.28%
2022$73,088 · 1.26%
Same employer
Similar plansManufacturing · Indiana
The Mursix Corporation IN$8.1M · 0.12%
Aero Industries, Inc. IN$7.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351753639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.