Plan Ledger DOL Form 5500 · updated monthly

Custom-Pak, Inc.401(k)

CUSTOM-PAK, INC. EMPLOYEES 401(K) RETIREMENT PLAN · CLINTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Custom-Pak, Inc. reported $15,808 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $892 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 0.08% to 0.04%. 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 204th-largest of 878 plans among Iowa employers on file, and the 3,322nd of 13,661 in manufacturing. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,532,355
Participants with balances597
Active participants708
Employer contributions$631,506
Employee contributions$1,296,870
Employer contribution per active participant$892
Average account balance$77,944
Benefits paid to participants$3,149,046
Plan auditUnmodified (clean) audit opinion
AuditorWINKEL, PARKER & FOSTER
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 597 accts · $632K emplr
2023$41.6M · 623 accts · $575K emplr
2022$35.3M · 658 accts · $553K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,808
Total administrative$15,808
The Custom-Pak, Inc. 401(k) match · 2024
Employer contribution per active participant$892
Median for plans this size$2,416
2024$892 per active participant
2023$798 per active participant
2022$773 per active participant

Custom-Pak, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$15,808

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,808 · 0.04%
2023$14,164 · 0.04%
2022$31,182 · 0.08%
Same employer
Similar plansManufacturing · Iowa
West Liberty Foods, L.L.C. IA$53.6M · 0.59%
Croell, Inc. IA$50.7M · 0.33%
Omaha Standard, LLC IA$46.8M · 0.44%
Purfoods, LLC IA$42.7M · 0.73%
Doerfer Corporation IA$40.0M · 0.25%
Dyersville Ready Mix, Inc. IA$37.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421022942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.