Plan Ledger DOL Form 5500 · updated monthly

Jim C. Hamer Company401(k)

JIM C. HAMER COMPANY SAVINGS AND PROFIT SHARING PLAN · KENOVA, WV · plan year 2024

Reported admin expense ratio · 2024
0.02%

Jim C. Hamer Company reported $1,159 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 0.06% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in West Virginia (171st of 265), and 10,559th of 13,661 in manufacturing. active participation has grown from 113 to 125 since 2022.

Plan summary
Net assets, end of year$6,238,123
Participants with balances83
Active participants125
Employer contributions—
Employee contributions$106,114
Employer contribution per active participant—
Average account balance$75,158
Benefits paid to participants$403,167
Plan auditUnmodified (clean) audit opinion
AuditorSUTTLE & STALNAKER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 83 accts
2023$5.8M · 100 accts
2022$5.6M · 115 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,159
Total administrative$1,159
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.

Administrative cost history3
2024$1,159 · 0.02%
2023$4,420 · 0.08%
2022$3,937 · 0.06%
Similar plansManufacturing · West Virginia
Amsted Graphite Materials WV$8.5M · 0.45%
Apg Polytech, LLC WV$7.4M · 0.10%
Parkline, Inc. WV$6.9M · 0.32%
Wincore Window Co., LLC WV$5.4M · 0.85%
Purflux USA, Inc. WV$4.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550573157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.