Plan Ledger DOL Form 5500 · updated monthly

Flexsys America LP401(k)

FLEXSYS AMERICA RETIREMENT PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Flexsys America LP reported $35,087 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,997 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 rose from 0.06% to 0.07%. 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 612th-largest of 3,295 plans among Ohio employers on file, and the 2,946th of 13,661 in manufacturing. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,798,796
Participants with balances345
Active participants282
Employer contributions$1,409,157
Employee contributions$3,110,729
Employer contribution per active participant$4,997
Average account balance$158,837
Benefits paid to participants$11,008,075
Plan auditUnmodified (clean) audit opinion
AuditorPEASE BELL
Plan history3
Yearassets · accounts · employer contribution
2024$54.8M · 345 accts · $1.4M emplr
2023$52.8M · 300 accts · $2.3M emplr
2022$43.5M · 293 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,087
Total administrative$35,087
The Flexsys America LP 401(k) match · 2024
Employer contribution per active participant$4,997
Median for plans this size$3,635
2024$4,997 per active participant
2023$8,527 per active participant
2022$7,118 per active participant

Flexsys America LP'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,087

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

Administrative cost history3
2024$35,087 · 0.07%
2023$31,411 · 0.07%
2022$24,590 · 0.06%
Same employer
Similar plansManufacturing · Ohio
Diamond Products Limited OH$55.7M · 0.20%
Drt Holdings, LLC OH$55.1M · 0.31%
The Tranzonic Companies OH$55.0M · 0.35%
Fresh Mark, Inc. OH$54.6M · 0.01%
Qnnect, LLC OH$54.1M · 0.15%
Advanced Composites, Inc. OH$53.2M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341794583 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.