Plan Ledger DOL Form 5500 · updated monthly

Down-Lite Products International, Inc.401(k)

DOWN-LITE INTERNATIONAL, INC. PROFIT SHARING PLAN · MASON, OH · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Down-Lite Products International, Inc. reported $63,230 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $842 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 rose from 0.44% to 0.68%. 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 Ohio (1,970th of 3,295), and 8,674th of 13,661 in manufacturing. In 2024, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,236,719
Participants with balances478
Active participants292
Employer contributions$245,804
Employee contributions$801,385
Employer contribution per active participant$842
Average account balance$21,416
Benefits paid to participants$136,954
Plan auditUnmodified (clean) audit opinion
AuditorBRIXEY & MEYER
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 478 accts · $246K emplr
2023$8.3M · 439 accts · $216K emplr
2022$7.4M · 468 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,230
Audit (IQPA)$17,000
Total administrative$63,230
The Down-Lite Products International, Inc. 401(k) match · 2024
Employer contribution per active participant$842
Median for plans this size$1,313
2024$842 per active participant
2023$805 per active participant
2022$1,033 per active participant

Down-Lite Products International, Inc.'s 2024 employer contribution ran below 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 · 20242
BRIXEY AND MEYER INC · Accounting / audit$17,000

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$63,230 · 0.68%
2023$39,724 · 0.50%
2022$35,806 · 0.44%
Same employer
Similar plansManufacturing · Ohio
Thogus Products Company OH$10.5M · 0.77%
Industry Products Company OH$10.5M · 0.02%
Chromascape Inc. OH$10.4M · 0.78%
Jsw Steel USA Ohio, Inc. OH$10.3M · 0.71%
Tfo Tech Company LTD. OH$10.2M · 0.21%
Canton Drop Forge, Inc. OH$10.2M · 0.03%
Hirschvogel, Inc. OH$10.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311076267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.