Plan Ledger DOL Form 5500 · updated monthly

Dymax Corporation401(k)

DYMAX CORPORATION 401(K) PLAN · TORRINGTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Dymax Corporation reported $85,162 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,512 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 0.29% to 0.34%. 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 461st-largest of 1,106 plans among Connecticut employers on file, and the 4,819th of 13,661 in manufacturing. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,334,992
Participants with balances353
Active participants284
Employer contributions$997,275
Employee contributions$2,305,064
Employer contribution per active participant$3,512
Average account balance$77,436
Benefits paid to participants$1,369,781
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.3M · 353 accts · $997K emplr
2023$22.3M · 354 accts · $946K emplr
2022$17.1M · 377 accts · $757K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,162
Total administrative$85,162
The Dymax Corporation 401(k) match · 2024
Employer contribution per active participant$3,512
Median for plans this size$2,416
2024$3,512 per active participant
2023$3,264 per active participant
2022$2,802 per active participant

Dymax Corporation's 2024 employer contribution ran above 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 · 20243
THE PATRIOT FINANCIAL GROUP INSURAN · Investment advisory (plan)$36,633
PASI, LLC · Contract administrator$13,657

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$85,162 · 0.34%
2023$81,645 · 0.41%
2022$54,379 · 0.29%
Same employer
Similar plansManufacturing · Connecticut
Proton Energy Systems, Inc. CT$28.0M · 0.06%
Light Sources, Inc. CT$28.0M · 0.54%
The Pmt Group, Inc. CT$27.7M · 0.04%
Wiremold Company CT$27.6M · 0.13%
H & T Waterbury, Inc. CT$27.3M · 0.30%
Tld America CT$27.3M
Franklin Products, Inc. CT$26.8M · 0.26%
Hyaxiom, Inc. CT$26.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060917028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.