Plan Ledger DOL Form 5500 · updated monthly

Foamcraft, Inc.401(k)

FOAMCRAFT, INC. 401K PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Foamcraft, Inc. reported $4,252 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $331 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 0.52% to 0.28%. 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 Indiana (1,423rd of 1,562), and 12,933rd of 13,661 in manufacturing. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has shrunk from 303 to 259 since 2022.

Plan summary
Net assets, end of year$1,760,054
Participants with balances166
Active participants259
Employer contributions$85,770
Employee contributions$268,671
Employer contribution per active participant$331
Average account balance$10,603
Benefits paid to participants$78,056
Plan auditUnmodified (clean) audit opinion
AuditorSPONSEL CPA GROUP,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 166 accts · $86K emplr
2023$1.3M · 194 accts · $83K emplr
2022$754K · 243 accts · $26K emplr
The Foamcraft, Inc. 401(k) match · 2024
Employer contribution per active participant$331
Median for plans this size$1,313
2024$331 per active participant
2023$313 per active participant
2022$85 per active participant

Foamcraft, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
NYHART · Recordkeeping · Participant communication$4,252

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

Recordkeeper by year2
2024NYHART
2023NYHART

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Administrative cost history3
2024$4,252 · 0.28%
2023$6,902 · 0.67%
2022$4,277 · 0.52%
Same employer
Similar plansManufacturing · Indiana
Westfield Steel, Inc. IN$1.9M · 0.92%
Stone City Products, Inc. IN$1.9M · 1.08%
Scott Pet Products, Inc. IN$1.8M · 0.42%
Actia Corporation IN$1.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350976556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.