Plan Ledger DOL Form 5500 · updated monthly

Gravotech, Inc.401(k)

GRAVOTECH, INC. RETIREMENT SAVINGS PLAN · DULUTH, GA · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Gravotech, Inc. reported $42,061 in plan administrative expenses for 2023: 0.44% of average plan assets, below the peer median. Employer contributions averaged $2,914 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 0.39% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Georgia (1,237th of 2,160), and 2,883rd of 4,246 in wholesale trade. In 2023, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,227,036
Participants with balances124
Active participants83
Employer contributions$241,862
Employee contributions$563,459
Employer contribution per active participant$2,914
Average account balance$82,476
Benefits paid to participants$535,164
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15K · 1 accts · $152K emplr
2023$10.2M · 124 accts · $242K emplr
2022$8.8M · 127 accts · $197K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,849
Investment management$18,212
Total administrative$42,061
The Gravotech, Inc. 401(k) match · 2023
Employer contribution per active participant$2,914
Median for plans this size$1,308
2023$2,914 per active participant
2022$2,403 per active participant

Gravotech, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$23,849
LPL FINANCIAL LLC · Investment advisory (plan)$18,212

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$34,483 · 0.67%
2023$42,061 · 0.44%
2022$38,380 · 0.39%
Similar plansWholesale Trade · Georgia
Mimaki USA, Inc. GA$10.5M · 0.17%
Surya Carpet, Inc. GA$10.4M · 0.19%
Freedom Electronics LLC GA$10.4M · 0.06%
Mud Pie, LLC GA$10.0M · 0.55%
Cme Wire & Cable, Inc. GA$9.8M · 0.41%
Walthall Oil Company GA$9.8M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382100984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.