Plan Ledger DOL Form 5500 · updated monthly

Orafol Americas Inc.401(k)

ORAFOL AMERICAS INC. 401(K) RETIREMENT PLAN · AVON, CT · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Orafol Americas Inc. reported $48,622 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,418 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 0.05% to 0.07%. 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 210th-largest of 1,106 plans among Connecticut employers on file, and the 2,068th of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 394 to 827 since 2022.

Plan summary
Net assets, end of year$88,900,942
Participants with balances931
Active participants827
Employer contributions$1,999,823
Employee contributions$3,804,553
Employer contribution per active participant$2,418
Average account balance$95,490
Benefits paid to participants$12,455,140
Plan auditUnmodified (clean) audit opinion
AuditorHLB GROSS COLLINS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$88.9M · 931 accts · $2.0M emplr
2023$50.9M · 487 accts · $1.0M emplr
2022$44.6M · 487 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,544
Investment management$24,475
Audit (IQPA)$15,945
Total administrative$48,622
The Orafol Americas Inc. 401(k) match · 2024
Employer contribution per active participant$2,418
Median for plans this size$3,635
2024$2,418 per active participant
2023$2,646 per active participant
2022$2,541 per active participant

Orafol Americas Inc.'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.

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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,475
HLB GROSS COLLINS, P.C. · Accounting / audit$15,945
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,544

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$48,622 · 0.07%
2023$34,330 · 0.07%
2022$26,982 · 0.05%
Same employer
Similar plansManufacturing · Connecticut
Swisher International Inc CT$122.3M · 0.03%
Byk USA Inc. CT$116.5M · 0.07%
Brook & Whittle Limited CT$91.9M · 0.42%
Fuelcell Energy, Inc. CT$84.4M · 0.09%
The Siemon Company CT$82.3M · 0.03%
Whitcraft LLC CT$75.4M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352237537 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.