Plan Ledger DOL Form 5500 · updated monthly

Ferrotec USA Corporation401(k)

FERROTEC TAX SAVINGS DEPOSIT AND INVESTMENT PLAN · BEDFORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Ferrotec USA Corporation reported $30,704 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,756 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 0.059% to 0.055%. 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 75th-largest of 411 plans among New Hampshire employers on file, and the 2,910th of 13,661 in manufacturing. In 2024, employees put in $2.64 for every $1.00 the employer contributed; active participation has shrunk from 401 to 275 since 2022.

Plan summary
Net assets, end of year$55,692,453
Participants with balances353
Active participants275
Employer contributions$1,033,021
Employee contributions$2,730,131
Employer contribution per active participant$3,756
Average account balance$157,769
Benefits paid to participants$10,719,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.7M · 353 accts · $1.0M emplr
2023$55.5M · 376 accts · $1.2M emplr
2022$49.5M · 375 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,057
Trustee / custodial$11,647
Total administrative$30,704
The Ferrotec USA Corporation 401(k) match · 2024
Employer contribution per active participant$3,756
Median for plans this size$3,635
2024$3,756 per active participant
2023$3,866 per active participant
2022$3,019 per active participant

Ferrotec USA Corporation's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20242
SENTINEL BENEFITS GROUP, INC. · Recordkeeping · Loan processing$19,057
MG TRUST · Custodial (securities) · Trustee$11,647

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$30,704 · 0.06%
2023$28,804 · 0.05%
2022$32,045 · 0.06%
Same employer
Similar plansManufacturing · New Hampshire
Resonetics, LLC NH$60.2M · 0.12%
Elektrisola Incorporated NH$58.4M · 0.01%
Creare LLC NH$57.7M · 0.13%
Company 401(K) Plan NH$38.1M · 0.04%
Worthen Industries, Inc. NH$36.4M · 0.04%
Turbocam, Inc. NH$36.0M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020275185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.