Plan Ledger DOL Form 5500 · updated monthly

Orion Industries, LTD.401(k)

ORION INDUSTRIES, LTD. 401(K) PROFIT SHARING PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Orion Industries, LTD. reported $30,698 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $2,061 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 0.33% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,833rd of 3,702), and 10,671st of 13,661 in manufacturing. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,011,336
Participants with balances229
Active participants168
Employer contributions$346,223
Employee contributions$315,857
Employer contribution per active participant$2,061
Average account balance$26,250
Benefits paid to participants$1,142,669
Plan auditUnmodified (clean) audit opinion
AuditorRODL LANGFORD DE KOCK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 229 accts · $346K emplr
2023$5.8M · 218 accts · $308K emplr
2022$4.8M · 212 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,698
Total administrative$30,698
The Orion Industries, LTD. 401(k) match · 2024
Employer contribution per active participant$2,061
Median for plans this size$1,313
2024$2,061 per active participant
2023$1,976 per active participant
2022$1,764 per active participant

Orion Industries, LTD.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$30,698 · 0.52%
2023$37,577 · 0.71%
2022$16,137 · 0.33%
Similar plansManufacturing · Illinois
Fpm, L.L.C. IL$6.3M · 0.36%
Lw Schneider, Inc. IL$6.2M · 0.78%
Standfast Group, LLC IL$6.1M · 0.96%
Gc Packaging, LLC IL$6.1M · 0.11%
Pepsi Midamerica IL$5.9M · 0.15%
Headly Manufacturing Co. IL$5.9M · 0.53%
Opto International, Inc. IL$5.9M · 0.04%
Motorad of America Inc IL$5.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362591435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.