Plan Ledger DOL Form 5500 · updated monthly

General Stamping & Metalworks401(k)

GENERAL STAMPING & METALWORKS 401(K) PROFIT SHARING PLAN · SOUTH BEND, IN · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

General Stamping & Metalworks reported $72,682 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,824 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 0.66% to 0.71%. 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 among the smaller plans on file in Indiana (844th of 1,562), and 8,317th of 13,661 in manufacturing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 237 to 271 since 2022.

Plan summary
Net assets, end of year$11,130,534
Participants with balances223
Active participants271
Employer contributions$494,288
Employee contributions$778,657
Employer contribution per active participant$1,824
Average account balance$49,913
Benefits paid to participants$1,030,314
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL, LAWTON, & CO., LLC CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 223 accts · $494K emplr
2023$9.4M · 196 accts · $368K emplr
2022$8.4M · 194 accts · $510K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,691
Trustee / custodial$51,991
Total administrative$72,682
The General Stamping & Metalworks 401(k) match · 2024
Employer contribution per active participant$1,824
Median for plans this size$2,416
2024$1,824 per active participant
2023$1,561 per active participant
2022$2,152 per active participant

General Stamping & Metalworks'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 · 20241
1ST SOURCE BANK · Recordkeeping · Consulting$72,682

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

Recordkeeper by year2
20241ST SOURCE BANK
20231ST SOURCE BANK

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

Administrative cost history3
2024$72,682 · 0.71%
2023$64,608 · 0.72%
2022$60,535 · 0.66%
Same employer
Similar plansManufacturing · Indiana
American Art Clay Co. Inc. IN$11.3M · 0.26%
George E. Booth Co., LLC IN$11.3M · 0.50%
C & M Conveyor, Inc. IN$11.2M · 0.88%
Pia Automation US Inc IN$11.0M · 0.16%
Riverside Mfg., LLC IN$11.0M · 0.50%
Certor Sports, LLC IN$11.0M · 0.05%
Green Leaf, Inc. IN$11.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350333580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.