Plan Ledger DOL Form 5500 · updated monthly

Pandrol USA, LP401(k)

PANDROL USA LP 401(K) SAVINGS PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Pandrol USA, LP reported $55,363 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $2,113 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 0.45% to 0.62%. 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 Tennessee (877th of 1,496), and 9,228th of 13,661 in manufacturing. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 120 to 167 since 2022.

Plan summary
Net assets, end of year$9,008,976
Participants with balances246
Active participants167
Employer contributions$352,881
Employee contributions$528,585
Employer contribution per active participant$2,113
Average account balance$36,622
Benefits paid to participants$1,727,907
Plan auditUnmodified (clean) audit opinion
AuditorDOWNEY & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 246 accts · $353K emplr
2023$8.8M · 271 accts · $325K emplr
2022$8.9M · 267 accts · $319K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,786
Investment management$15,913
Trustee / custodial$2,664
Total administrative$55,363
The Pandrol USA, LP 401(k) match · 2024
Employer contribution per active participant$2,113
Median for plans this size$1,313
2024$2,113 per active participant
2023$3,287 per active participant
2022$2,661 per active participant

Pandrol USA, LP'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.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$36,786
PNC INSTITUTIONAL MANAGEMENT · Investment advisory (plan) · Investment advisory (participants)$15,913

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$55,363 · 0.62%
2023$48,800 · 0.55%
2022$43,104 · 0.45%
Same employer
Similar plansManufacturing · Tennessee
Jones Company, LLC TN$9.1M · 0.42%
Beene Holdings, Inc. TN$8.7M · 0.01%
Smelter Holdings, Inc. TN$8.5M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223554003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.