Plan Ledger DOL Form 5500 · updated monthly

Fromm Electric Supply Corp.401(k)

FROMM ELECTRIC SUPPLY CORP. PROFIT SHARING PLAN · READING, PA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Fromm Electric Supply Corp. reported $45,941 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $2,386 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 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Pennsylvania (2,387th of 3,651), and 3,046th of 4,246 in wholesale trade. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,058,612
Participants with balances124
Active participants100
Employer contributions$238,585
Employee contributions$373,968
Employer contribution per active participant$2,386
Average account balance$73,053
Benefits paid to participants$716,623
Plan auditUnmodified (clean) audit opinion
AuditorTROUT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 124 accts · $239K emplr
2023$8.0M · 118 accts · $341K emplr
2022$7.0M · 121 accts · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,810
Investment management$42,131
Trustee / custodial$1,000
Total administrative$45,941
The Fromm Electric Supply Corp. 401(k) match · 2024
Employer contribution per active participant$2,386
Median for plans this size$1,313
2024$2,386 per active participant
2023$3,626 per active participant
2022$2,017 per active participant

Fromm Electric Supply Corp.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FULTON FINANCIAL ADVISORS · Recordkeeping · Consulting$49,806

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

Recordkeeper by year2
2024FULTON FINANCIAL ADVISORS
2023FULTON FINANCIAL ADVISORS

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

Administrative cost history3
2024$45,941 · 0.54%
2023$39,223 · 0.53%
2022$43,671 · 0.55%
Similar plansWholesale Trade · Pennsylvania
Timac Agro USA, Inc. PA$9.3M · 0.50%
Genus Lifesciences Inc. PA$9.2M · 0.06%
Capp, Inc PA$8.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231531551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.