Plan Ledger DOL Form 5500 · updated monthly

F & P America Manufacturing, Inc.401(k)

F & P AMERICA MANUFACTURING, INC. RETIREMENT SAVINGS PLAN · TROY, OH · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

F & P America Manufacturing, Inc. reported $216,316 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,117 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 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 445th-largest of 3,295 plans among Ohio employers on file, and the 2,256th of 13,661 in manufacturing. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 1,047 to 1,776 since 2022.

Plan summary
Net assets, end of year$79,511,413
Participants with balances1,452
Active participants1,776
Employer contributions$1,983,855
Employee contributions$4,066,099
Employer contribution per active participant$1,117
Average account balance$54,760
Benefits paid to participants$9,033,258
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$79.5M · 1,452 accts · $2.0M emplr
2023$71.4M · 1,275 accts · $1.9M emplr
2022$63.0M · 1,352 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,470
Investment management$75,491
Audit (IQPA)$15,355
Total administrative$216,316
The F & P America Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,117
Median for plans this size$3,635
2024$1,117 per active participant
2023$1,951 per active participant
2022$1,865 per active participant

F & P America Manufacturing, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$125,469
EVERHART FINANCIAL GROUP INC · Investment advisory (plan)$75,491
PLANTE & MORAN PLLC · Accounting / audit$15,355

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$216,316 · 0.29%
2023$178,070 · 0.27%
2022$208,539 · 0.30%
Same employer
Similar plansManufacturing · Ohio
State Industrial Products OH$83.7M · 0.12%
Meyer Tool, Inc. OH$82.5M · 0.05%
Rohrer Corporation OH$81.4M · 0.29%
Remington Products Company OH$78.9M · 0.14%
Vita-Mix Holdings Company OH$76.7M · 0.26%
Great Day Improvements, LLC OH$76.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311379366 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.