Plan Ledger DOL Form 5500 · updated monthly

Enercon Industries, Inc.401(k)

ENERCON INDUSTRIES, INC. 401(K) SAVINGS PLAN · GERMANTOWN, WI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Enercon Industries, Inc. reported $47,641 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,348 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 0.192%. 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 709th-largest of 1,936 plans among Wisconsin employers on file, and the 4,976th of 13,661 in manufacturing. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 123 to 138 since 2022.

Plan summary
Net assets, end of year$26,131,818
Participants with balances164
Active participants138
Employer contributions$600,000
Employee contributions$1,118,657
Employer contribution per active participant$4,348
Average account balance$159,340
Benefits paid to participants$2,630,107
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 164 accts · $600K emplr
2023$23.6M · 160 accts · $585K emplr
2022$21.3M · 151 accts · $795K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,454
Investment management$7,187
Total administrative$47,641
The Enercon Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$4,348
Median for plans this size$2,416
2024$4,348 per active participant
2023$4,718 per active participant
2022$6,466 per active participant

Enercon Industries, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Loan processing$40,454
ONEAMERICA INVESTMENT ADVISORY SVCS · Investment management$7,187
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,641 · 0.19%
2023$37,450 · 0.17%
2022$44,762 · 0.19%
Same employer
Similar plansManufacturing · Wisconsin
Imperial Industries, Inc. WI$26.5M · 0.19%
Strohwig Industries, Inc. WI$26.5M · 0.25%
Primex Inc. WI$25.7M · 0.19%
R&L Spring Company WI$25.7M · 0.28%
Share Corporation WI$25.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391210023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.