Plan Ledger DOL Form 5500 · updated monthly

Katena Products, Inc.401(k)

KATENA PRODUCTS, INC. EMPLOYEES RETIREMENT PLAN · PARSIPPANY, NJ · plan year 2022

Reported admin expense ratio · 2022
0.27%

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

Katena Products, Inc. reported $21,625 in plan administrative expenses for 2022: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,650 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,713th of 2,419), and 10,000th of 13,661 in manufacturing. In 2022, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,309,756
Participants with balances157
Active participants131
Employer contributions$347,113
Employee contributions$764,651
Employer contribution per active participant$2,650
Average account balance$46,559
Benefits paid to participants$1,123,455
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH AND BROWN, PC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $7K emplr
2022$7.3M · 157 accts · $347K emplr
Administrative expenses, itemized · 2022
Investment management$3,260
Total administrative$21,625
The Katena Products, Inc. 401(k) match · 2022
Employer contribution per active participant$2,650
Median for plans this size$1,114

Katena Products, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$21,625 · 0.27%
Similar plansManufacturing · New Jersey
Phillips Precision, Inc. NJ$7.5M · 0.86%
Rees Scientific LLC NJ$7.4M · 0.04%
Technology Dynamics, Inc. NJ$7.3M · 1.57%
Larose Industries LLC NJ$7.2M · 0.05%
Raritan Pharmaceuticals NJ$7.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222086818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.