Plan Ledger DOL Form 5500 · updated monthly

Falcon Plastics, Inc.401(k)

FALCON PLASTICS, INC. 401(K) SALARY SAVINGS PLAN · BROOKINGS, SD · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Falcon Plastics, Inc. reported $2,580 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $482 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 0.06% to 0.02%. 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 110th-largest of 233 plans among South Dakota employers on file, and 6,906th of 13,661 in manufacturing. In 2024, employees put in $5.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,646,479
Participants with balances208
Active participants295
Employer contributions$142,059
Employee contributions$723,175
Employer contribution per active participant$482
Average account balance$75,223
Benefits paid to participants$1,163,833
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILEY
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 208 accts · $142K emplr
2023$14.4M · 193 accts · $143K emplr
2022$12.1M · 191 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,580
Total administrative$2,580
The Falcon Plastics, Inc. 401(k) match · 2024
Employer contribution per active participant$482
Median for plans this size$2,416
2024$482 per active participant
2023$499 per active participant
2022$488 per active participant

Falcon Plastics, Inc.'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 · 20241

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$2,580 · 0.02%
2023$2,125 · 0.02%
2022$8,149 · 0.06%
Same employer
Similar plansManufacturing · South Dakota
Dakota Provisions, LLC SD$16.6M · 0.67%
Fimco, Inc. SD$16.5M · 0.44%
Adams Thermal Systems Inc. SD$16.2M · 0.52%
Sioux Steel Company SD$13.9M · 0.50%
Orion Food Systems, LLC SD$13.8M · 0.31%
Cimarron Label, Inc. SD$12.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460325450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.