Louis Padnos Iron & Metal Company401(k)
LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN · GRANDVILLE, MI · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Louis Padnos Iron & Metal Company reported $152,824 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,165 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 3 years on file its reported administrative ratio has held roughly steady near 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 289th-largest of 2,619 plans among Michigan employers on file, and the 396th of 4,246 in wholesale trade. In 2024, employees put in $1.79 for every $1.00 the employer contributed.
Louis Padnos Iron & Metal Company's 2024 employer contribution ran below the $3,635 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 381283690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.