Plan Ledger DOL Form 5500 · updated monthly

Gold Medal Products Co.401(k)

THE GOLD MEDAL PRODUCTS CO. 401(K) PROFIT SHARING PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Gold Medal Products Co. reported $100,647 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,657 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 0.24% to 0.22%. 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 the 665th-largest of 3,295 plans among Ohio employers on file, and the 3,198th of 13,661 in manufacturing. In 2024, employees put in $2.36 for every $1.00 the employer contributed; active participation has grown from 462 to 597 since 2022.

Plan summary
Net assets, end of year$48,941,155
Participants with balances589
Active participants597
Employer contributions$989,434
Employee contributions$2,335,618
Employer contribution per active participant$1,657
Average account balance$83,092
Benefits paid to participants$2,213,316
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$48.9M · 589 accts · $989K emplr
2023$42.9M · 596 accts · $759K emplr
2022$36.8M · 561 accts · $355K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,522
Investment management$35,125
Total administrative$100,647
The Gold Medal Products Co. 401(k) match · 2024
Employer contribution per active participant$1,657
Median for plans this size$2,416
2024$1,657 per active participant
2023$1,579 per active participant
2022$768 per active participant

Gold Medal Products Co.'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 · 20242
FIFTH THIRD BANK · Investment advisory (plan)$35,125

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$100,647 · 0.22%
2023$87,133 · 0.22%
2022$93,062 · 0.24%
Same employer
Similar plansManufacturing · Ohio
Michelman, Inc. OH$50.2M · 0.07%
Gooch & Housego (Ohio) LLC. OH$50.0M · 0.36%
The Dupps Company OH$49.3M · 0.12%
Stratus Unlimited, LLC OH$49.1M · 0.44%
Osco Industries, Inc. OH$47.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310515654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.