Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Polymer Technologies LLC401(k)

GREAT LAKES POLYMER TECHNOLOGIES LLC 401(K) PLAN · KINGMAN, KS · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Great Lakes Polymer Technologies LLC reported $45,935 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,032 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 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kansas (536th of 828), and 9,405th of 13,661 in manufacturing. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has shrunk from 127 to 82 since 2022.

Plan summary
Net assets, end of year$8,587,139
Participants with balances111
Active participants82
Employer contributions$166,601
Employee contributions$340,271
Employer contribution per active participant$2,032
Average account balance$77,362
Benefits paid to participants$928,083
Plan auditUnmodified (clean) audit opinion
AuditorALLEN, GIBBS AND HOULIK, L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 111 accts · $167K emplr
2023$8.2M · 123 accts · $221K emplr
2022$8.6M · 154 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,671
Investment management$26,264
Total administrative$45,935
The Great Lakes Polymer Technologies LLC 401(k) match · 2024
Employer contribution per active participant$2,032
Median for plans this size$1,313
2024$2,032 per active participant
2023$2,629 per active participant
2022$1,646 per active participant

Great Lakes Polymer Technologies LLC's 2024 employer contribution ran above the $1,313 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
ENZA FINANCIAL LLC · Investment advisory (plan)$23,597
EMPOWER ADVISORY GROUP, LLC · Investment management$2,667

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$45,935 · 0.55%
2023$44,436 · 0.53%
2022$48,084 · 0.56%
Same employer
Similar plansManufacturing · Kansas
Allen Press, Inc. KS$8.8M · 0.40%
Crestwood, Inc. KS$8.7M · 0.47%
Central Plastics, Inc. KS$8.5M · 0.31%
Kocher + Beck USA, L.P. KS$8.3M · 0.31%
Wichita Kenworth, Inc. KS$8.1M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471509765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.