Plan Ledger DOL Form 5500 · updated monthly

Kosei St. Marys Corporation401(k)

KOSEI ST. MARYS CORPORATION ASSOCIATES' RETIREMENT PLAN · ST. MARYS, OH · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

Kosei St. Marys Corporation reported $41,855 in plan administrative expenses for 2023: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,587 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 0.12% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 811th-largest of 3,295 plans among Ohio employers on file, and the 3,823rd of 13,661 in manufacturing. In 2023, employees put in $1.40 for every $1.00 the employer contributed; active participation has shrunk from 260 to 227 since 2022.

Plan summary
Net assets, end of year$38,031,432
Participants with balances346
Active participants227
Employer contributions$814,150
Employee contributions$1,138,112
Employer contribution per active participant$3,587
Average account balance$109,917
Benefits paid to participants$5,899,870
Plan auditUnmodified (clean) audit opinion
AuditorMANNINGS & ASSOCIATES CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$33.5M · 296 accts · $729K emplr
2023$38.0M · 346 accts · $814K emplr
2022$34.6M · 374 accts · $837K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,855
Total administrative$41,855
The Kosei St. Marys Corporation 401(k) match · 2023
Employer contribution per active participant$3,587
Median for plans this size$2,440
2024$3,470 per active participant
2023$3,587 per active participant
2022$3,220 per active participant

Kosei St. Marys Corporation's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$41,855

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$32,859 · 0.09%
2023$41,855 · 0.12%
2022$45,944 · 0.12%
Same employer
Similar plansManufacturing · Ohio
Schwebel Baking Company OH$38.5M · 0.20%
Desco Corporation OH$38.1M · 0.29%
Feintool U.S. Operations OH$38.0M · 0.23%
Butech, Inc. OH$37.8M · 0.19%
Lion Group, Inc. OH$37.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341564600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.