Plan Ledger DOL Form 5500 · updated monthly

Fastener Industries, Inc.401(k) + ESOP (KSOP)

FASTENER INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BEREA, OH · plan year 2022

Reported admin expense ratio · 2022
0.00%

Fastener Industries, Inc. reported $533 in plan administrative expenses for 2022: 0.00% of average plan assets, lower than ~75% of peers. 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 0.001% to 0.000%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other manufacturing employers. By assets it is the 412th-largest of 3,295 plans among Ohio employers on file, and the 2,077th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$88,500,441
Participants with balances254
Active participants170
Employer contributions—
Employee contributions$269,910
Employer contribution per active participant—
Average account balance$348,427
Benefits paid to participants$10,623,687
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.1M · 344 accts
2023$86.8M · 276 accts
2022$88.5M · 254 accts
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$225 · 0.00%
2023$952 · 0.00%
2022$533 · 0.00%
Same employer
Similar plansManufacturing · Ohio
Formica Corporation OH$91.5M · 0.13%
Magellan USA OH$90.6M · 0.18%
Dayton Superior Corporation OH$89.9M · 0.30%
De Nora Tech, LLC. OH$86.2M · 0.04%
Americhem, Inc. OH$84.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340439680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.