Plan Ledger DOL Form 5500 · updated monthly

Fres-Co System USA Inc.401(k)

FRES-CO SYSTEM USA, INC. RETIREMENT SAVINGS PLAN · TELFORD, PA · plan year 2023

Reported admin expense ratio · 2023
0.16%

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

Fres-Co System USA Inc. reported $84,978 in plan administrative expenses for 2023: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,861 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 0.178%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 724th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,549th of 11,654 in professional & technical services. In 2023, employees put in $1.77 for every $1.00 the employer contributed; active participation has shrunk from 480 to 411 since 2022.

Plan summary
Net assets, end of year$55,558,140
Participants with balances659
Active participants411
Employer contributions$1,175,775
Employee contributions$2,086,956
Employer contribution per active participant$2,861
Average account balance$84,307
Benefits paid to participants$5,927,583
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.5M · 493 accts · $997K emplr
2023$55.6M · 659 accts · $1.2M emplr
2022$49.9M · 604 accts · $1.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,300
Investment management$37,678
Total administrative$84,978
The Fres-Co System USA Inc. 401(k) match · 2023
Employer contribution per active participant$2,861
Median for plans this size$3,659
2024$2,622 per active participant
2023$2,861 per active participant
2022$2,439 per active participant

Fres-Co System USA Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Loan processing$47,300
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$37,678

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$98,820 · 0.18%
2023$84,978 · 0.16%
2022$104,390 · 0.18%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Gap International, Inc. PA$56.3M · 0.02%
H.F. Lenz Company PA$55.9M · 0.22%
Herbein and Company, Inc. PA$55.7M · 0.25%
Bohlin Cywinski Jackson PA$55.5M · 0.02%
Sparks Marketing LLC PA$54.3M · 0.54%
Red Nucleus Solutions LLC PA$53.3M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232056204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.