Plan Ledger DOL Form 5500 · updated monthly

Gentex Corporation401(k)

GENTEX CORPORATION RETIREMENT PLAN · SIMPSON, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Gentex Corporation reported $173,988 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,100 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 fell from 0.30% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 501st-largest of 3,651 plans among Pennsylvania employers on file, and the 1,994th of 13,661 in manufacturing. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has grown from 760 to 851 since 2022.

Plan summary
Net assets, end of year$93,705,628
Participants with balances1,094
Active participants851
Employer contributions$1,787,093
Employee contributions$4,513,205
Employer contribution per active participant$2,100
Average account balance$85,654
Benefits paid to participants$7,274,746
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$93.7M · 1,094 accts · $1.8M emplr
2023$82.0M · 984 accts · $1.6M emplr
2022$70.0M · 981 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$134,059
Investment management$37,429
Total administrative$173,988
The Gentex Corporation 401(k) match · 2024
Employer contribution per active participant$2,100
Median for plans this size$3,635
2024$2,100 per active participant
2023$2,069 per active participant
2022$1,871 per active participant

Gentex Corporation's 2024 employer contribution ran below the $3,635 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 · 20243
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$36,399
VALLEY FORGE INVESTMENT CONSULTANTSindirect comp

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

Administrative cost history3
2024$173,988 · 0.20%
2023$164,372 · 0.22%
2022$229,887 · 0.30%
Same employer
Similar plansManufacturing · Pennsylvania
Alleima USA LLC PA$97.2M · 0.03%
Eriks Corporation PA$97.0M · 0.21%
Sofidel America Corp. PA$94.8M · 0.00%
Eriez Manufacturing Co. PA$94.7M · 0.22%
Akorn Operating Company LLC PA$91.6M · 0.03%
United Refining Company PA$90.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232801499 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.