Plan Ledger DOL Form 5500 · updated monthly

Greer Industries, Inc.401(k)

THE GREER 401(K) PLAN · MORGANTOWN, WV · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Greer Industries, Inc. reported $220,988 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,729 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 0.45%. 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 39th-largest of 265 plans among West Virginia employers on file, and the 3,091st of 13,661 in manufacturing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 653 to 933 since 2022.

Plan summary
Net assets, end of year$51,432,952
Participants with balances877
Active participants933
Employer contributions$1,613,232
Employee contributions$2,541,240
Employer contribution per active participant$1,729
Average account balance$58,646
Benefits paid to participants$4,562,276
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN YANAK & FORD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$51.4M · 877 accts · $1.6M emplr
2023$45.9M · 852 accts · $1.6M emplr
2022$39.0M · 816 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,124
Investment management$39,403
Total administrative$220,988
The Greer Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,729
Median for plans this size$2,416
2024$1,729 per active participant
2023$2,256 per active participant
2022$2,259 per active participant

Greer 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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$52,124
MORGAN STANLEY · Investment advisory (plan)$162,752

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Greer Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$220,988 · 0.45%
2023$199,026 · 0.47%
2022$199,343 · 0.47%
Same employer
Similar plansManufacturing · West Virginia
J. H. Fletcher & Co. WV$62.3M · 0.26%
Swva, Inc. WV$52.9M · 0.20%
Swanson Industries, Inc. WV$25.3M · 0.31%
Rubberlite, Inc. WV$25.3M · 0.14%
Conn-Weld Industries, LLC WV$16.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340737241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.