Plan Ledger DOL Form 5500 · updated monthly

Parkway Products, LLC401(k)

PARKWAY PRODUCTS, LLC THRIFT SAVINGS 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Parkway Products, LLC reported $64,005 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $915 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 fell from 0.52% to 0.49%. 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 1,050th-largest of 2,160 plans among Georgia employers on file, and 7,371st of 13,661 in manufacturing. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has shrunk from 465 to 394 since 2022.

Plan summary
Net assets, end of year$14,057,141
Participants with balances490
Active participants394
Employer contributions$360,667
Employee contributions$1,240,685
Employer contribution per active participant$915
Average account balance$28,688
Benefits paid to participants$1,264,436
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 490 accts · $361K emplr
2023$12.3M · 575 accts · $411K emplr
2022$11.9M · 564 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,276
Investment management$16,729
Total administrative$64,005
The Parkway Products, LLC 401(k) match · 2024
Employer contribution per active participant$915
Median for plans this size$2,416
2024$915 per active participant
2023$842 per active participant
2022$930 per active participant

Parkway Products, LLC'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 · 20244
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$11,411
OPPENHEIMER & CO INC · Investment advisory (plan)$5,318
EMPOWER ADVISORY GROUP, LLC · Investment management$4,947

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$64,005 · 0.49%
2023$64,110 · 0.53%
2022$66,607 · 0.52%
Same employer
Similar plansManufacturing · Georgia
Lee Container, LLC GA$14.7M · 0.50%
American Boa, Inc. GA$14.7M · 0.01%
Relex Solutions, Inc. GA$14.2M · 0.58%
Vivex Biologics, Inc. GA$14.0M · 0.56%
Pangborn LLC GA$13.9M · 0.15%
Foley Products Company, LLC GA$13.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464039411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.