Onward Manufacturing Company401(k)
ONWARD MANUFACTURING 401(K) PLAN · HUNTINGTON, IN · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Onward Manufacturing Company reported $12,737 in plan administrative expenses for 2024: 1.55% of average plan assets, above the peer median. Employer contributions averaged $531 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 0.92% to 1.55%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,494th of 1,562), and 13,329th of 13,661 in manufacturing. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has shrunk from 147 to 110 since 2022.
Onward Manufacturing Company's 2024 employer contribution ran below the $540 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 208294184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.