Plan Ledger DOL Form 5500 · updated monthly

Pap Technologies, Inc.401(k)

PAP TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN · LANCASTER, PA · plan year 2023

Reported admin expense ratio · 2023
0.49%

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

Pap Technologies, Inc. reported $30,734 in plan administrative expenses for 2023: 0.49% of average plan assets, below the peer median. Employer contributions averaged $608 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 has held roughly steady near 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,654th of 3,651), and 10,242nd of 13,661 in manufacturing. In 2023, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,890,110
Participants with balances187
Active participants167
Employer contributions$101,549
Employee contributions$322,148
Employer contribution per active participant$608
Average account balance$36,846
Benefits paid to participants$338,697
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$6.9M · 187 accts · $102K emplr
2022$5.8M · 185 accts · $105K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$30,734
Total administrative$30,734
The Pap Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$608
Median for plans this size$1,308
2023$608 per active participant
2022$592 per active participant

Pap Technologies, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$22,520

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

Administrative cost history2
2023$30,734 · 0.49%
2022$26,371 · 0.50%
Same employer
Similar plansManufacturing · Pennsylvania
Oakworks, Inc. PA$7.2M · 0.55%
RS7 Holdings, LLC PA$7.1M · 1.11%
Neville Chemical Company PA$7.0M · 0.48%
Kreider Dairy Farms, Inc. PA$6.8M · 0.80%
Team Ten, LLC PA$6.7M · 0.47%
Ventana USA PA$6.7M · 0.58%
Total Rental Inc. PA$6.7M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232538043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.