Great Lakes Power Products, Inc.401(k)
GREAT LAKES POWER PRODUCTS, INC. RETIREMENT SAVINGS PLAN · MENTOR, OH · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Great Lakes Power Products, Inc. reported $76,081 in plan administrative expenses for 2022: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,113 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 1 year on file its reported administrative ratio rose from 0.49% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Ohio (1,648th of 3,295), and 2,424th of 4,246 in wholesale trade. In 2022, employees put in $2.33 for every $1.00 the employer contributed.
Great Lakes Power Products, Inc.'s 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 341120118 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.