Plan Ledger DOL Form 5500 · updated monthly

Griswold Industries401(k)

GRISWOLD INDUSTRIES 401(K) PROFIT SHARING RETIREMENT PLAN · COSTA MESA, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Griswold Industries reported $24,650 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,965 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 0.035% to 0.042%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,475th-largest of 9,483 plans among California employers on file, and the 2,695th of 13,661 in manufacturing. In 2024, employees put in $3.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,640,701
Participants with balances563
Active participants482
Employer contributions$946,902
Employee contributions$3,315,203
Employer contribution per active participant$1,965
Average account balance$111,262
Benefits paid to participants$3,672,746
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.6M · 563 accts · $947K emplr
2023$54.5M · 578 accts · $890K emplr
2022$46.8M · 542 accts · $832K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,650
Total administrative$24,650
The Griswold Industries 401(k) match · 2024
Employer contribution per active participant$1,965
Median for plans this size$3,635
2024$1,965 per active participant
2023$1,817 per active participant
2022$1,808 per active participant

Griswold Industries's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,650
PRINCIPAL SECURITIES, INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$24,650 · 0.04%
2023$21,221 · 0.04%
2022$17,619 · 0.04%
Same employer
Similar plansManufacturing · California
John Paul Mitchell Systems CA$62.7M · 0.18%
Spin Master, Inc. CA$62.7M · 0.26%
Rocket Lab USA Inc. CA$62.0M · 0.17%
Chargepoint Inc. CA$61.8M · 0.14%
Corsair Memory, Inc. CA$60.5M · 0.28%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 951717422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.