Plan Ledger DOL Form 5500 · updated monthly

Freedom Corrugated, LLC401(k)

FREEDOM CORRUGATED, LLC 401(K) PLAN · HAZELTON, PA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Freedom Corrugated, LLC reported $22,297 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,643 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 0.32%. 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 Pennsylvania (2,575th of 3,651), and 9,861st of 13,661 in manufacturing. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,593,466
Participants with balances142
Active participants122
Employer contributions$200,438
Employee contributions$571,876
Employer contribution per active participant$1,643
Average account balance$53,475
Benefits paid to participants$558,517
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.6M · 142 accts · $200K emplr
2022$5.7M · 146 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,888
Investment management$409
Total administrative$22,297
The Freedom Corrugated, LLC 401(k) match · 2024
Employer contribution per active participant$1,643
Median for plans this size$1,313
2024$1,643 per active participant
2022$1,900 per active participant

Freedom Corrugated, LLC's 2024 employer contribution ran above 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$22,297

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

Administrative cost history2
2024$22,297 · 0.32%
2022$21,190 · 0.33%
Same employer
Similar plansManufacturing · Pennsylvania
Ridg-U-Rak Inc PA$7.6M · 0.35%
Multi-Flow Industries LLC PA$7.6M · 0.42%
Metco Industries, Inc. PA$7.5M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030471147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.