Plan Ledger DOL Form 5500 · updated monthly

Hamilton Safe Co.401(k)

HAMILTON SAFE GROUP 401(K) PLAN · MILFORD, OH · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Hamilton Safe Co. reported $73,678 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,146 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 fell from 0.43% to 0.38%. 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 1,293rd-largest of 3,295 plans among Ohio employers on file, and the 5,823rd of 13,661 in manufacturing. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 211 to 249 since 2022.

Plan summary
Net assets, end of year$20,583,767
Participants with balances364
Active participants249
Employer contributions$534,384
Employee contributions$1,257,934
Employer contribution per active participant$2,146
Average account balance$56,549
Benefits paid to participants$2,167,574
Plan auditUnmodified (clean) audit opinion
AuditorSCROGGINS GREER
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 364 accts · $534K emplr
2023$18.7M · 393 accts · $469K emplr
2022$16.0M · 353 accts · $418K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,867
Investment management$53,811
Total administrative$73,678
The Hamilton Safe Co. 401(k) match · 2024
Employer contribution per active participant$2,146
Median for plans this size$2,416
2024$2,146 per active participant
2023$2,203 per active participant
2022$1,982 per active participant

Hamilton Safe Co.'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 ADVISORY GROUP, LLC · Investment management$53,811

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$73,678 · 0.38%
2023$64,709 · 0.37%
2022$75,841 · 0.43%
Same employer
Similar plansManufacturing · Ohio
Joyce/Dayton Corp. OH$20.7M · 0.23%
Gregory Industries, Inc. OH$20.7M · 0.29%
G.A. Wintzer & Son Company OH$20.7M · 0.34%
Turf Care Supply Corp. OH$20.6M · 0.40%
Wulco, Inc. OH$20.5M · 0.50%
Atlantic Tool & Die Company OH$20.5M · 0.52%
Merit Brass Co. OH$20.5M · 0.55%
Biery Cheese Company OH$20.4M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310729027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.