Plan Ledger DOL Form 5500 · updated monthly

Flex Technologies, Inc.401(k)

FLEX TECHNOLOGIES, INC. EMPLOYEES SAVINGS RETIREMENT PLAN · MIDVALE, OH · plan year 2023

Reported admin expense ratio · 2023
1.17%

Flex Technologies, Inc. reported $16,785 in plan administrative expenses for 2023: 1.17% of average plan assets, higher 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 rose from 1.18% to 1.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (3,076th of 3,295), and 13,017th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,585,141
Participants with balances101
Active participants149
Employer contributions—
Employee contributions$161,364
Employer contribution per active participant—
Average account balance$15,694
Benefits paid to participants$75,470
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 101 accts · $13K emplr
2023$1.6M · 101 accts
2022$1.3M · 116 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,785
Total administrative$16,785
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JULY BUSINESS SERVICES · Recordkeeping$11,190
HUMMEL GROUP, INC. · Investment advisory (participants)$5,430

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

Recordkeeper by year2
2024July Business Services
2023July Business Services

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

Administrative cost history3
2024$18,267 · 1.25%
2023$16,785 · 1.17%
2022$17,659 · 1.18%
Same employer
Similar plansManufacturing · Ohio
Raymath Co., Inc. OH$1.8M · 0.02%
Bellofram Corporation OH$1.7M · 0.14%
Daavlin Distributing Co. OH$1.7M · 0.08%
Cqt Kennedy, LLC OH$1.5M · 0.57%
Nox US, LLC OH$1.5M · 1.03%
Unican Ohio LLC OH$1.5M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340962316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.