Plan Ledger DOL Form 5500 · updated monthly

Fullerton Tool Company, Inc.401(k)

FULLERTON TOOL COMPANY, INC. 401(K) PLAN · SAGINAW, MI · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Fullerton Tool Company, Inc. reported $89,768 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,181 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 rose from 0.20% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 907th-largest of 2,619 plans among Michigan employers on file, and the 5,252nd of 13,661 in manufacturing. In 2024, employees put in $3.03 for every $1.00 the employer contributed; active participation has grown from 176 to 194 since 2022.

Plan summary
Net assets, end of year$24,081,767
Participants with balances215
Active participants194
Employer contributions$423,107
Employee contributions$1,281,613
Employer contribution per active participant$2,181
Average account balance$112,008
Benefits paid to participants$1,178,632
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 215 accts · $423K emplr
2023$19.8M · 222 accts · $322K emplr
2022$17.0M · 202 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,133
Investment management$33,635
Total administrative$89,768
The Fullerton Tool Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,181
Median for plans this size$2,416
2024$2,181 per active participant
2023$1,703 per active participant
2022$1,687 per active participant

Fullerton Tool Company, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$17,414
TRI-STAR TRUST BANK · Investment advisory (plan)$33,635

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$89,768 · 0.41%
2023$75,917 · 0.41%
2022$36,026 · 0.20%
Same employer
Similar plansManufacturing · Michigan
Gonzalez Production Systems MI$24.7M · 0.01%
Aero Test Group MI$24.6M · 0.25%
Cog Marketers, LTD MI$24.5M · 0.05%
Nagel Precision Inc MI$24.4M · 0.00%
Petoskey Plastics, Inc. MI$23.9M · 0.53%
The Magni Group, Inc. MI$23.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381288328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.