Plan Ledger DOL Form 5500 · updated monthly

Global Tungsten & Powders LLC401(k)

GTP SAVINGS PLAN · TOWANDA, PA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Global Tungsten & Powders LLC reported $217,048 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $2,613 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 0.23%. 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 477th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,930th of 13,661 in manufacturing. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$98,901,576
Participants with balances666
Active participants459
Employer contributions$1,199,561
Employee contributions$2,833,897
Employer contribution per active participant$2,613
Average account balance$148,501
Benefits paid to participants$9,610,520
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.9M · 666 accts · $1.2M emplr
2023$91.3M · 686 accts · $1.2M emplr
2022$85.7M · 693 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$217,048
Total administrative$217,048
The Global Tungsten & Powders LLC 401(k) match · 2024
Employer contribution per active participant$2,613
Median for plans this size$3,635
2024$2,613 per active participant
2023$2,642 per active participant
2022$2,232 per active participant

Global Tungsten & Powders LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$217,048
CAP FINANCIAL PARTNERS LLC · Other servicesindirect comp
FREEDMAXICK CPAS · Accounting / auditindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$217,048 · 0.23%
2023$194,805 · 0.22%
2022$181,496 · 0.20%
All plans at this employer2
GTP SAVINGS PLAN401(k)
GTP RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansManufacturing · Pennsylvania
The Perryman Company PA$101.6M · 0.28%
Ahf, LLC dba Ahf Products PA$101.1M · 0.24%
Lannett Company, Inc. PA$97.4M · 0.26%
Alleima USA LLC PA$97.2M · 0.03%
Eriks Corporation PA$97.0M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770720929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.