Plan Ledger DOL Form 5500 · updated monthly

Fusion Industries LLC401(k)

FUSION INDUSTRIES LLC 401(K) PROFIT SHARING PLAN & TRUST · EDMOND, OK · plan year 2024

Reported admin expense ratio · 2024
1.92%

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

Fusion Industries LLC reported $27,121 in plan administrative expenses for 2024: 1.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.65% to 1.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Oklahoma (654th of 724), and 10,992nd of 11,654 in professional & technical services. active participation has grown from 118 to 158 since 2022.

Plan summary
Net assets, end of year$1,694,333
Participants with balances272
Active participants158
Employer contributions$0
Employee contributions$569,963
Employer contribution per active participant$0
Average account balance$6,229
Benefits paid to participants$149,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 272 accts
2023$1.1M · 195 accts
2022$1.0M · 132 accts · $6K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,699
Investment management$7,562
Trustee / custodial$860
Total administrative$27,121
The Fusion Industries LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Fusion Industries LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
PAYCHEX, INC. · Recordkeeping$6,659
RESOURCES INVESTMENT ADVISORS, LLC · Investment advisory (participants)$7,562

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

Recordkeeper by year2
2024Paychex
2023Paychex, RESOURCES INVESTMENT ADVISORS, INC

This plan has changed recordkeepers within these filings. If you left Fusion Industries LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,121 · 1.92%
2023$11,480 · 1.06%
2022$18,623 · 1.65%
Same employer
Similar plansProfessional & Technical Services · Oklahoma
Red, Inc. ID$1.7M · 0.05%
Stange Law Firm PC MO$1.7M · 0.99%
Allstaff Payroll, Inc. FL$1.7M · 2.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464183414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.