Plan Ledger DOL Form 5500 · updated monthly

Parker Plastics, Inc.401(k)

PARKER PLASTICS, INC. 401(K) PROFIT SHARING PLAN · PLEASANT PRAIRIE, WI · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Parker Plastics, Inc. reported $122,416 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,172 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 0.65% to 0.71%. 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 949th-largest of 1,936 plans among Wisconsin employers on file, and the 6,457th of 13,661 in manufacturing. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 233 to 274 since 2022.

Plan summary
Net assets, end of year$17,494,625
Participants with balances314
Active participants274
Employer contributions$869,125
Employee contributions$886,971
Employer contribution per active participant$3,172
Average account balance$55,715
Benefits paid to participants$2,996,664
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 314 accts · $869K emplr
2023$17.0M · 343 accts · $338K emplr
2022$16.5M · 304 accts · $865K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,966
Investment management$81,314
Total administrative$122,416
The Parker Plastics, Inc. 401(k) match · 2024
Employer contribution per active participant$3,172
Median for plans this size$2,416
2024$3,172 per active participant
2023$1,281 per active participant
2022$3,713 per active participant

Parker Plastics, Inc.'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 · 20243
BARLETT & CO WEALTH MANAGEMENT · Investment advisory (plan)$53,173
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,966
EMBREE FINANCIAL GROUP · Investment advisory (plan)$28,141

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$122,416 · 0.71%
2023$113,366 · 0.68%
2022$113,768 · 0.65%
Similar plansManufacturing · Wisconsin
J & D Tube Benders, Inc. WI$17.6M · 0.40%
Penzeys, LTD WI$17.6M · 0.11%
Master Lock Company LLC WI$17.5M · 0.20%
Diversatek, Inc. WI$17.5M · 0.29%
Wisco Industries, Inc. WI$17.5M · 0.42%
Menzner Hardwoods Co. WI$17.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731324371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.