Plan Ledger DOL Form 5500 · updated monthly

Flex-N-Gate Oklahoma LLC401(k)

FLEX-N-GATE OKLAHOMA UNION #985 401(K) PLAN · URBANA, IL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Flex-N-Gate Oklahoma LLC reported $21,120 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $943 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 0.29% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,500th of 3,702), and 9,324th of 13,661 in manufacturing. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,794,577
Participants with balances290
Active participants384
Employer contributions$362,044
Employee contributions$538,226
Employer contribution per active participant$943
Average account balance$30,326
Benefits paid to participants$701,355
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 290 accts · $362K emplr
2023$7.7M · 300 accts · $346K emplr
2022$6.4M · 291 accts · $370K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,672
Investment management$5,056
Trustee / custodial$2,392
Total administrative$21,120
The Flex-N-Gate Oklahoma LLC 401(k) match · 2024
Employer contribution per active participant$943
Median for plans this size$1,313
2024$943 per active participant
2023$869 per active participant
2022$1,026 per active participant

Flex-N-Gate Oklahoma LLC's 2024 employer contribution ran below the $1,313 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
NEWPORT GROUP, INC. · Recordkeeping$13,672
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$5,056

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$21,120 · 0.26%
2023$18,638 · 0.27%
2022$19,225 · 0.29%
Similar plansManufacturing · Illinois
Ruscorr, LLC IL$9.0M · 0.64%
Principal Manufacturing IL$8.9M · 0.23%
Ruprecht IL$8.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371415608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.