Plan Ledger DOL Form 5500 · updated monthly

Pacific Industries USA401(k)

PACIFIC MANUFACTURING OHIO, INC. 401(K) · FAIRFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Pacific Industries USA reported $115,143 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $506 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 0.55% to 0.77%. 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 1,531st-largest of 3,295 plans among Ohio employers on file, and the 6,728th of 13,661 in manufacturing. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 754 to 1,190 since 2022.

Plan summary
Net assets, end of year$16,266,497
Participants with balances1,238
Active participants1,190
Employer contributions$602,096
Employee contributions$1,634,646
Employer contribution per active participant$506
Average account balance$13,139
Benefits paid to participants$1,854,064
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 1,238 accts · $602K emplr
2023$13.6M · 336 accts · $401K emplr
2022$11.1M · 334 accts · $397K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,637
Investment management$36,040
Trustee / custodial$4,466
Total administrative$115,143
The Pacific Industries USA 401(k) match · 2024
Employer contribution per active participant$506
Median for plans this size$2,416
2024$506 per active participant
2023$491 per active participant
2022$527 per active participant

Pacific Industries USA'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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$74,637
EQUITABLE ADVISORS · Investment management$36,040

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$115,143 · 0.77%
2023$73,215 · 0.59%
2022$63,498 · 0.55%
Same employer
Similar plansManufacturing · Ohio
Braun Industries, Inc. OH$16.9M · 0.70%
Dinesol Plastics, Inc. OH$16.3M · 0.56%
Astro Shapes LLC OH$16.3M · 0.18%
Lewco, Inc. OH$16.3M · 0.74%
Minco Tool & Mold, Inc. OH$16.1M · 0.06%
Chargeurs Protective Inc OH$16.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311253660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.