Plan Ledger DOL Form 5500 · updated monthly

Kerotest Manufacturing Corp.401(k)

KEROTEST MANUFACTURING CORP. 401(K) PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Kerotest Manufacturing Corp. reported $32,775 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $628 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 0.46% to 0.54%. 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 Pennsylvania (2,725th of 3,651), and 10,598th of 13,661 in manufacturing. In 2024, employees put in $3.23 for every $1.00 the employer contributed; active participation has shrunk from 145 to 126 since 2022.

Plan summary
Net assets, end of year$6,169,660
Participants with balances88
Active participants126
Employer contributions$79,089
Employee contributions$255,477
Employer contribution per active participant$628
Average account balance$70,110
Benefits paid to participants$762,922
Plan auditUnmodified (clean) audit opinion
AuditorHOROVITZ, RUDOY, & ROTEMAN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 88 accts · $79K emplr
2023$6.0M · 96 accts · $87K emplr
2022$5.9M · 103 accts · $85K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,297
Investment management$9,478
Total administrative$32,775
The Kerotest Manufacturing Corp. 401(k) match · 2024
Employer contribution per active participant$628
Median for plans this size$1,313
2024$628 per active participant
2023$574 per active participant
2022$584 per active participant

Kerotest Manufacturing Corp.'s 2024 employer contribution ran below the $1,313 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 · 20242
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$23,297
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$9,478

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$32,775 · 0.54%
2023$30,052 · 0.51%
2022$33,957 · 0.46%
Same employer
Similar plansManufacturing · Pennsylvania
Iron Hill Brewery PA$6.3M · 1.41%
Tavo Packaging, Inc. PA$6.2M · 0.80%
Accudyn Products, Inc. PA$6.1M · 0.58%
Trau & Loevner, Inc. PA$6.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251181239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.