Plan Ledger DOL Form 5500 · updated monthly

Neaton Auto Products Mfg., Incorporated401(k)

NEATON AUTO PRODUCTS MFG., INCORPORATED RETIREMENT AND SAVINGS PLAN · EATON, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Neaton Auto Products Mfg., Incorporated reported $85,834 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,220 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 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 703rd-largest of 3,295 plans among Ohio employers on file, and the 3,346th of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 668 to 983 since 2022.

Plan summary
Net assets, end of year$45,947,496
Participants with balances1,099
Active participants983
Employer contributions$1,199,678
Employee contributions$1,690,552
Employer contribution per active participant$1,220
Average account balance$41,808
Benefits paid to participants$3,646,965
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.9M · 1,099 accts · $1.2M emplr
2023$41.1M · 900 accts · $1.0M emplr
2022$35.7M · 798 accts · $943K emplr
Administrative expenses, itemized · 2024
Investment management$89,524
Total administrative$85,834
The Neaton Auto Products Mfg., Incorporated 401(k) match · 2024
Employer contribution per active participant$1,220
Median for plans this size$2,416
2024$1,220 per active participant
2023$1,417 per active participant
2022$1,411 per active participant

Neaton Auto Products Mfg., Incorporated's 2024 employer contribution ran below the $2,416 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
CONSOLIDATED FINANCIAL MANAGEMENT · Investment advisory (plan)$89,524
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$85,834 · 0.20%
2023$68,114 · 0.18%
2022$76,512 · 0.19%
Same employer
Similar plansManufacturing · Ohio
Osco Industries, Inc. OH$47.4M · 0.15%
Republic Steel OH$47.0M · 0.14%
Sanoh America, Inc. OH$46.0M · 0.09%
Majestic Steel USA, Inc. OH$45.8M · 0.24%
Leadec Corp. OH$45.3M · 0.28%
Nifco America Corporation OH$45.2M · 0.18%
Metalex Manufacturing, Inc. OH$44.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311092812 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.