Plan Ledger DOL Form 5500 · updated monthly

Encoder Products Company401(k)

ENCODER PRODUCTS COMPANY 401(K) PROFIT SHARING PLAN & TRUST · SAGLE, ID · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Encoder Products Company reported $11,657 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,803 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 0.30% to 0.10%. 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 155th-largest of 349 plans among Idaho employers on file, and 8,086th of 13,661 in manufacturing. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,801,566
Participants with balances131
Active participants151
Employer contributions$272,272
Employee contributions$631,505
Employer contribution per active participant$1,803
Average account balance$90,088
Benefits paid to participants$1,794,138
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 131 accts · $272K emplr
2023$11.3M · 142 accts · $175K emplr
2022$11.1M · 130 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,782
Investment management$3,875
Total administrative$11,657
The Encoder Products Company 401(k) match · 2024
Employer contribution per active participant$1,803
Median for plans this size$2,416
2024$1,803 per active participant
2023$989 per active participant
2022$1,870 per active participant

Encoder Products Company'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,782

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$11,657 · 0.10%
2023$13,569 · 0.12%
2022$31,354 · 0.30%
Same employer
Similar plansManufacturing · Idaho
T R Toppers, Inc. ID$13.6M · 0.58%
Idaho Pacific Holdings ID$13.1M · 0.79%
Buck Knives, Inc. ID$12.8M · 0.61%
Industrial Ventilation, Inc ID$12.5M · 0.40%
Unitech Composites, Inc. ID$9.9M · 0.69%
Best Bath Systems, Inc. ID$9.9M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820310365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.