Plan Ledger DOL Form 5500 · updated monthly

Francis Manufacturing CompanyProfit-sharing plan

FRANCIS MANUFACTURING COMPANY EMPLOYEES PROFIT SHARING PLAN · RUSSIA, OH · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Francis Manufacturing Company reported $70,897 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $9,173 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,032nd-largest of 3,295 plans among Ohio employers on file, and the 4,765th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$27,784,011
Participants with balances111
Active participants142
Employer contributions$1,302,606
Employee contributions$0
Employer contribution per active participant$9,173
Average account balance$250,306
Benefits paid to participants$1,050,981
Plan auditUnmodified (clean) audit opinion
AuditorMONNIER
Plan history3
Yearassets · accounts · employer contribution
2024$27.3M · 111 accts · $1.2M emplr
2023$27.8M · 111 accts · $1.3M emplr
2022$24.6M · 99 accts · $1.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,942
Audit (IQPA)$13,955
Total administrative$70,897
Employer contributions to the Francis Manufacturing Company plan · 2023
Employer contribution per active participant$9,173
Median for plans this size$2,440
2024$10,199 per active participant
2023$9,173 per active participant
2022$8,347 per active participant

Francis Manufacturing Company's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$56,942
MONNIER & CO. · Accounting / audit$13,955

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$75,783 · 0.28%
2023$70,897 · 0.27%
2022$76,584 · 0.27%
Same employer
Similar plansManufacturing · Ohio
Global Tbm Company OH$28.1M · 0.13%
Alliance Compressors, LLC OH$28.1M · 0.23%
Aida-America Corporation OH$27.8M · 0.17%
Trew, LLC OH$27.8M · 0.53%
Brilex Industries, Inc. OH$27.8M · 0.33%
Beckett Gas, Inc. OH$27.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340898096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.