Plan Ledger DOL Form 5500 · updated monthly

Draeger, Inc.401(k)

DRAEGER US RETIREMENT SAVINGS PLAN · TELFORD, PA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Draeger, Inc. reported $614,064 in plan administrative expenses for 2024: 0.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,808 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 0.11% to 0.19%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 199th-largest of 3,651 plans among Pennsylvania employers on file, and the 779th of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$339,914,668
Participants with balances1,666
Active participants1,099
Employer contributions$7,481,959
Employee contributions$13,572,621
Employer contribution per active participant$6,808
Average account balance$204,030
Benefits paid to participants$43,934,358
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$339.9M · 1,666 accts · $7.5M emplr
2023$318.5M · 1,728 accts · $7.2M emplr
2022$282.6M · 1,812 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,284
Investment management$375,300
Audit (IQPA)$41,480
Total administrative$614,064
The Draeger, Inc. 401(k) match · 2024
Employer contribution per active participant$6,808
Median for plans this size$4,294
2024$6,808 per active participant
2023$6,475 per active participant
2022$3,600 per active participant

Draeger, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20244
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$206,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$197,284
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$168,800
PRICEWATERHOUSE COOPERS LLP · Accounting / audit$41,480

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$614,064 · 0.19%
2023$447,556 · 0.15%
2022$347,239 · 0.11%
Same employer
Similar plansManufacturing · Pennsylvania
Voith US Inc. PA$419.0M · 0.11%
Msa Worldwide, LLC PA$415.4M · 0.08%
Elliott Company PA$395.9M · 0.04%
Heraeus Incorporated PA$318.9M · 0.05%
Vitro Flat Glass LLC PA$310.8M · 0.16%
Ellwood City Forge Company PA$310.6M · 0.06%
Mi Windows and Doors, LLC PA$303.8M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 231699096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.