Plan Ledger DOL Form 5500 · updated monthly

Greenfield Industries, Inc.401(k)

GREENFIELD INDUSTRIES, INC. 401(K) PLAN · SENECA, SC · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Greenfield Industries, Inc. reported $63,501 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,668 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 0.44% to 0.46%. 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 346th-largest of 807 plans among South Carolina employers on file, and 7,329th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,186,986
Participants with balances275
Active participants294
Employer contributions$490,440
Employee contributions$1,105,918
Employer contribution per active participant$1,668
Average account balance$51,589
Benefits paid to participants$2,321,857
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 275 accts · $490K emplr
2023$13.4M · 273 accts · $425K emplr
2022$10.8M · 234 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,736
Investment management$31,765
Total administrative$63,501
The Greenfield Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,668
Median for plans this size$2,416
2024$1,668 per active participant
2023$1,353 per active participant
2022$1,413 per active participant

Greenfield Industries, Inc.'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$29,263
EMPOWER ADVISORY GROUP, LLC · Investment management$2,902

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$63,501 · 0.46%
2023$49,558 · 0.41%
2022$50,781 · 0.44%
Same employer
Similar plansManufacturing · South Carolina
Precision Valve Corporation SC$14.6M · 0.57%
Bomag Americas, Inc. SC$14.6M · 0.02%
Bwt LLC SC$14.5M · 0.10%
Agru America, Inc. SC$14.3M · 0.64%
Ventek Solutions LLC SC$13.6M · 0.09%
Gentherm Automotive, LLC SC$13.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270229866 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.