Plan Ledger DOL Form 5500 · updated monthly

Desco Corporation401(k)

DESCO CORPORATION THRIFT PLAN & TRUST · NEW ALBANY, OH · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Desco Corporation reported $106,089 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,769 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 0.29%. 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 809th-largest of 3,295 plans among Ohio employers on file, and the 3,815th of 13,661 in manufacturing. In 2024, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,108,487
Participants with balances793
Active participants463
Employer contributions$819,195
Employee contributions$2,076,757
Employer contribution per active participant$1,769
Average account balance$48,056
Benefits paid to participants$4,522,639
Plan auditUnmodified (clean) audit opinion
AuditorHILL BARTH & KING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.1M · 793 accts · $819K emplr
2023$34.3M · 961 accts · $785K emplr
2022$32.3M · 899 accts · $691K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,279
Investment management$27,810
Total administrative$106,089
The Desco Corporation 401(k) match · 2024
Employer contribution per active participant$1,769
Median for plans this size$2,416
2024$1,769 per active participant
2023$1,489 per active participant
2022$1,466 per active participant

Desco 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$78,279
NOYES ADVISORS LLC · Recordkeeping · Trustee$27,810

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

Recordkeeper by year2
2024ADP, NOYES ADVISORS LLC
2023ADP, NOYES ADVISORS LLC

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

Administrative cost history3
2024$106,089 · 0.29%
2023$94,561 · 0.28%
2022$110,713 · 0.30%
Same employer
Similar plansManufacturing · Ohio
R.W. Beckett Corporation OH$38.9M · 0.03%
Schwebel Baking Company OH$38.5M · 0.20%
Kosei St. Marys Corporation OH$38.0M · 0.12%
Feintool U.S. Operations OH$38.0M · 0.23%
Butech, Inc. OH$37.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310869325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.