Plan Ledger DOL Form 5500 · updated monthly

Latham Pool Products, Inc.401(k)

LATHAM POOL PRODUCTS, INC. 401(K) SAVINGS PLAN · LATHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Latham Pool Products, Inc. reported $239,210 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,226 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 0.51% to 0.45%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,263rd-largest of 5,648 plans among New York employers on file, and the 2,888th of 13,661 in manufacturing. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has shrunk from 1,741 to 1,442 since 2022.

Plan summary
Net assets, end of year$56,322,169
Participants with balances1,603
Active participants1,442
Employer contributions$1,768,127
Employee contributions$4,875,262
Employer contribution per active participant$1,226
Average account balance$35,135
Benefits paid to participants$7,007,064
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW &KERSHNER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$56.3M · 1,603 accts · $1.8M emplr
2023$49.1M · 1,609 accts · $1.7M emplr
2022$38.7M · 1,887 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,105
Investment management$109,629
Total administrative$239,210
The Latham Pool Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,226
Median for plans this size$3,635
2024$1,226 per active participant
2023$1,220 per active participant
2022$1,043 per active participant

Latham Pool Products, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$131,105
CREATIVE PLANNING LLC · Investment advisory (plan)$83,489
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$26,140

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$239,210 · 0.45%
2023$214,609 · 0.49%
2022$210,630 · 0.51%
Same employer
Similar plansManufacturing · New York
Gmm Pfaudler US Inc. NY$57.6M · 0.12%
Muller Martini Corp. NY$57.2M · 0.08%
P & L Global Holding Corp NY$56.5M · 0.21%
Cxtec Inc. NY$55.5M · 0.17%
The Hilliard Corporation NY$53.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271694029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.