Plan Ledger DOL Form 5500 · updated monthly

J. E. Grote Company, Inc.401(k)

J. E. GROTE COMPANY 401(K) PROFIT SHARING PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

J. E. Grote Company, Inc. reported $81,552 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,957 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 0.36% to 0.33%. 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 1,054th-largest of 3,295 plans among Ohio employers on file, and the 4,869th of 13,661 in manufacturing. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has grown from 288 to 381 since 2022.

Plan summary
Net assets, end of year$26,979,628
Participants with balances373
Active participants381
Employer contributions$745,796
Employee contributions$2,081,393
Employer contribution per active participant$1,957
Average account balance$72,331
Benefits paid to participants$1,630,653
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 373 accts · $746K emplr
2023$22.8M · 303 accts · $612K emplr
2022$18.9M · 283 accts · $559K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,133
Investment management$44,419
Total administrative$81,552
The J. E. Grote Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,957
Median for plans this size$2,416
2024$1,957 per active participant
2023$2,155 per active participant
2022$1,941 per active participant

J. E. Grote Company, 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
EVERHART FINANCIAL GROUP INC · Investment advisory (plan)$44,419
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,133

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$81,552 · 0.33%
2023$70,167 · 0.34%
2022$68,550 · 0.36%
Same employer
Similar plansManufacturing · Ohio
Monti, Inc. OH$27.2M · 0.36%
Hitachi Astemo Americas OH$27.1M · 0.47%
Pubco Corporation OH$27.1M · 0.37%
Fpc International, Inc. OH$26.9M · 0.01%
Fechheimer Brothers Company OH$26.9M · 0.01%
Matalco (U.S.), Inc. OH$26.8M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310812680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.