Plan Ledger DOL Form 5500 · updated monthly

Encore Technologies401(k)

ENCORE 401(K) PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Encore Technologies reported $64,366 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,082 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 0.33% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,584th-largest of 3,295 plans among Ohio employers on file, and the 894th of 2,677 in transportation & warehousing. In 2024, employees put in $4.34 for every $1.00 the employer contributed; active participation has grown from 251 to 359 since 2022.

Plan summary
Net assets, end of year$15,191,493
Participants with balances242
Active participants359
Employer contributions$388,524
Employee contributions$1,686,643
Employer contribution per active participant$1,082
Average account balance$62,775
Benefits paid to participants$1,377,465
Plan auditUnmodified (clean) audit opinion
AuditorBARNES, DENNIG & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 242 accts · $389K emplr
2023$12.1M · 200 accts · $371K emplr
2022$8.7M · 153 accts · $326K emplr
The Encore Technologies 401(k) match · 2024
Employer contribution per active participant$1,082
Median for plans this size$2,416
2024$1,082 per active participant
2023$1,381 per active participant
2022$1,299 per active participant

Encore Technologies's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
RJA 338 FEE · Investment advisory (participants)$27,405

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$64,366 · 0.47%
2023$39,087 · 0.38%
2022$28,729 · 0.33%
Same employer
Similar plansTransportation & Warehousing · Ohio
Cathcart Rail, LLC OH$17.7M · 1.00%
Cheeseman LLC OH$17.1M · 0.05%
Hef-Usa, Inc. OH$14.9M · 0.52%
Cathcart Rail, LLC OH$14.8M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472512296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.