Plan Ledger DOL Form 5500 · updated monthly

Panasonic Energy Corporation of America401(k)

PANASONIC ENERGY CORPORATION OF AMERICA EMPLOYEE'S 401(K) SAVINGS PLAN · COLUMBUS, GA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Panasonic Energy Corporation of America reported $75,283 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,729 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 0.36%. 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 820th-largest of 2,160 plans among Georgia employers on file, and the 5,602nd of 13,661 in manufacturing. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has shrunk from 203 to 161 since 2022.

Plan summary
Net assets, end of year$21,825,390
Participants with balances195
Active participants161
Employer contributions$439,401
Employee contributions$677,335
Employer contribution per active participant$2,729
Average account balance$111,925
Benefits paid to participants$1,685,665
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 195 accts · $439K emplr
2023$19.6M · 209 accts · $434K emplr
2022$17.2M · 228 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,388
Investment management$30,895
Total administrative$75,283
The Panasonic Energy Corporation of America 401(k) match · 2024
Employer contribution per active participant$2,729
Median for plans this size$2,416
2024$2,729 per active participant
2023$2,425 per active participant
2022$2,393 per active participant

Panasonic Energy Corporation of America's 2024 employer contribution ran above the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$44,388
RETIREMENT FUND MANAGEMENT, LLC · Investment advisory (plan)$30,895

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$75,283 · 0.36%
2023$70,878 · 0.38%
2022$66,595 · 0.35%
Same employer
Similar plansManufacturing · Georgia
Glock, Inc. GA$23.4M · 0.49%
Tip Top Poultry, Inc. GA$22.3M · 0.58%
Sigvaris, Inc. GA$22.1M · 0.46%
Newcomb Spring Corp. GA$22.0M · 0.15%
Dustex LLC GA$21.5M · 0.37%
Formetco, Incorporated GA$21.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223122190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.