Plan Ledger DOL Form 5500 · updated monthly

Gregory Industries, Inc.401(k)

GREGORY INDUSTRIES, INC. RETIREMENT AND SAVINGS PLAN · CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Gregory Industries, Inc. reported $58,418 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,142 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 0.28% to 0.29%. 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 1,286th-largest of 3,295 plans among Ohio employers on file, and the 5,796th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 229 to 285 since 2022.

Plan summary
Net assets, end of year$20,702,974
Participants with balances144
Active participants285
Employer contributions$610,370
Employee contributions$973,364
Employer contribution per active participant$2,142
Average account balance$143,771
Benefits paid to participants$2,614,155
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 144 accts · $610K emplr
2023$19.2M · 137 accts · $587K emplr
2022$18.3M · 138 accts · $530K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,817
Investment management$23,852
Total administrative$58,418
The Gregory Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,142
Median for plans this size$2,416
2024$2,142 per active participant
2023$2,349 per active participant
2022$2,316 per active participant

Gregory 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
PNC BANK NA · Pension consulting · Investment advisory (plan)$57,202
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,817

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$58,418 · 0.29%
2023$53,867 · 0.29%
2022$54,877 · 0.28%
Same employer
Similar plansManufacturing · Ohio
Hfi, LLC OH$20.7M · 0.46%
Rowmark, LLC OH$20.7M · 0.64%
Joyce/Dayton Corp. OH$20.7M · 0.23%
G.A. Wintzer & Son Company OH$20.7M · 0.34%
Turf Care Supply Corp. OH$20.6M · 0.40%
Hamilton Safe Co. OH$20.6M · 0.38%
Wulco, Inc. OH$20.5M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340818723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.