Plan Ledger DOL Form 5500 · updated monthly

Galvion LTD.401(k)

GALVION LTD 401(K) RETIREMENT PLAN · PORTSMOUTH, NH · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Galvion LTD. reported $22,146 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,019 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 1 year on file its reported administrative ratio fell from 0.72% to 0.54%. 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 New Hampshire (338th of 411), and 11,455th of 13,661 in manufacturing. In 2024, employees put in $2.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,539,737
Participants with balances216
Active participants366
Employer contributions$372,859
Employee contributions$1,010,798
Employer contribution per active participant$1,019
Average account balance$21,017
Benefits paid to participants$1,181,158
Plan auditUnmodified (clean) audit opinion
AuditorKITTELL, BRANAGAN & SARGENT
Plan history2
Yearassets · accounts · employer contribution
2024$4.5M · 216 accts · $373K emplr
2023$3.7M · 181 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,146
Total administrative$22,146
The Galvion LTD. 401(k) match · 2024
Employer contribution per active participant$1,019
Median for plans this size$1,313
2024$1,019 per active participant
2023$555 per active participant

Galvion LTD.'s 2024 employer contribution ran below 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 LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,800

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history2
2024$22,146 · 0.54%
2023$21,880 · 0.72%
Similar plansManufacturing · New Hampshire
Cwpf, Inc. NH$5.6M · 0.03%
Liquid Blue, Inc NH$5.1M · 0.34%
Z-Flex (U.S.) Inc. NH$4.6M · 0.59%
Dci Inc. NH$3.5M · 0.19%
Scott Electronics, Inc. NH$3.3M · 0.05%
Soclean Inc. NH$2.9M · 1.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843432514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.