Plan Ledger DOL Form 5500 · updated monthly

Ermco, Inc.ESOP

ERMCO, INC. EMPLOYEE STOCK OWNERSHIP PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Ermco, Inc. reported $64,408 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $23,531 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 0.09% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 105th-largest of 1,562 plans among Indiana employers on file, and the 453rd of 5,337 in construction. active participation has grown from 110 to 121 since 2022.

Plan summary
Net assets, end of year$147,206,898
Participants with balances146
Active participants121
Employer contributions$2,847,207
Employee contributions—
Employer contribution per active participant$23,531
Average account balance$1,008,266
Benefits paid to participants$3,739,399
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$147.2M · 146 accts · $2.8M emplr
2023$85.4M · 136 accts · $2.0M emplr
2022$61.3M · 124 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,584
Investment management$47,740
Total administrative$64,408
Employer contributions to the Ermco, Inc. plan · 2024
Employer contribution per active participant$23,531
Median for plans this size$3,635
2024$23,531 per active participant
2023$17,674 per active participant
2022$15,429 per active participant

Ermco, Inc.'s 2024 employer contribution ran above the $3,635 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
GBQ · Valuation · Trustee (discretionary)$61,082
PRINCIPAL LIFE INSURANCE · Plan administrator$12,584
SHEPHERD FINANCIAL · Investment management$8,698

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$64,408 · 0.06%
2023$55,875 · 0.08%
2022$52,480 · 0.09%
All plans at this employer2
ERMCO, INC. 401(K) SAVINGS PLAN401(k)
ERMCO, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 351071084 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.