Plan Ledger DOL Form 5500 · updated monthly

Dexter Axle Company401(k)

DEXTER 401(K) RETIREMENT SAVINGS PLAN · ELKHART, IN · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Dexter Axle Company reported $215,871 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $3,140 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 0.18% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 100th-largest of 1,562 plans among Indiana employers on file, and the 1,381st of 13,661 in manufacturing. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves; active participation has shrunk from 3,089 to 2,543 since 2022.

Plan summary
Net assets, end of year$156,844,078
Participants with balances3,523
Active participants2,543
Employer contributions$7,985,940
Employee contributions$7,418,668
Employer contribution per active participant$3,140
Average account balance$44,520
Benefits paid to participants$20,333,324
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$156.8M · 3,523 accts · $8.0M emplr
2023$142.4M · 3,158 accts · $8.0M emplr
2022$118.9M · 3,340 accts · $7.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$215,871
Total administrative$215,871
The Dexter Axle Company 401(k) match · 2024
Employer contribution per active participant$3,140
Median for plans this size$3,635
2024$3,140 per active participant
2023$2,573 per active participant
2022$2,412 per active participant

Dexter Axle Company's 2024 employer contribution ran below the $3,635 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 · 20241
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping$215,871

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$215,871 · 0.14%
2023$257,437 · 0.20%
2022$210,517 · 0.18%
Same employer
Similar plansManufacturing · Indiana
Red Gold, Inc. IN$162.4M · 0.14%
Endress+Hauser Inc. IN$159.5M · 0.03%
Ctb, Inc. IN$159.3M · 0.07%
Patrick Industries, Inc. IN$157.0M · 0.39%
Kimball Electronics, Inc. IN$154.0M · 0.08%
Major Tool & Machine, Inc. IN$151.9M · 0.13%
Am General LLC IN$131.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364284104 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.