Plan Ledger DOL Form 5500 · updated monthly

Electro-Methods, Inc.401(k)

ELECTRO-METHODS, INC 401(K) PLAN · SOUTH WINDSOR, CT · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Electro-Methods, Inc. reported $126,108 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,697 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 3 years on file its reported administrative ratio has held roughly steady near 0.54%. 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 493rd-largest of 1,106 plans among Connecticut employers on file, and the 5,202nd of 13,661 in manufacturing. In 2024, employees put in $3.33 for every $1.00 the employer contributed; active participation has grown from 185 to 210 since 2022.

Plan summary
Net assets, end of year$24,431,027
Participants with balances153
Active participants210
Employer contributions$356,293
Employee contributions$1,186,429
Employer contribution per active participant$1,697
Average account balance$159,680
Benefits paid to participants$2,134,513
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 153 accts · $356K emplr
2023$22.1M · 144 accts · $337K emplr
2022$18.2M · 141 accts · $320K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,882
Investment management$72,226
Total administrative$126,108
The Electro-Methods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,697
Median for plans this size$2,416
2024$1,697 per active participant
2023$1,709 per active participant
2022$1,731 per active participant

Electro-Methods, 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 · 20243
JOHN HANCOCK USA · Recordkeeping$42,977
PENSION CONSULTANTS INC · Recordkeepingindirect comp
J.P. MORGAN SECURITIES LLC · Investment advisory (participants)$72,226

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$126,108 · 0.54%
2023$96,976 · 0.48%
2022$108,941 · 0.56%
Same employer
Similar plansManufacturing · Connecticut
Hubbell Caribe Limited CT$25.4M · 0.17%
H & T Waterbury, LLC CT$25.4M · 0.27%
Transact Technologies Inc. CT$25.0M · 0.22%
Mb Aerospace Holdings Inc. CT$23.1M · 0.33%
Putnam Plastics Corporation CT$22.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060802223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.