Plan Ledger DOL Form 5500 · updated monthly

Diversatek, Inc.401(k)

DIVERSATEK, INC. SAVINGS PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Diversatek, Inc. reported $48,735 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,053 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 0.40% to 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 950th-largest of 1,936 plans among Wisconsin employers on file, and the 6,460th of 13,661 in manufacturing. In 2024, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,480,649
Participants with balances225
Active participants208
Employer contributions$427,025
Employee contributions$1,312,553
Employer contribution per active participant$2,053
Average account balance$77,692
Benefits paid to participants$2,040,896
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 225 accts · $427K emplr
2023$15.6M · 206 accts · $399K emplr
2022$13.1M · 213 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,550
Investment management$16,185
Total administrative$48,735
The Diversatek, Inc. 401(k) match · 2024
Employer contribution per active participant$2,053
Median for plans this size$2,416
2024$2,053 per active participant
2023$2,069 per active participant
2022$1,733 per active participant

Diversatek, Inc.'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
HECK CAPITAL ADVISORS LLC · Investment advisory (plan)$16,119

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$48,735 · 0.29%
2023$55,016 · 0.38%
2022$56,965 · 0.40%
Same employer
Similar plansManufacturing · Wisconsin
J & D Tube Benders, Inc. WI$17.6M · 0.40%
Penzeys, LTD WI$17.6M · 0.11%
Master Lock Company LLC WI$17.5M · 0.20%
Parker Plastics, Inc. WI$17.5M · 0.71%
Wisco Industries, Inc. WI$17.5M · 0.42%
Menzner Hardwoods Co. WI$17.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391558213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.