Plan Ledger DOL Form 5500 · updated monthly

Perfetti van Melle USA Inc.401(k)

PERFETTI VAN MELLE, INC, 401(K) PLAN AND TRUST · ERLANGER, KY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Perfetti van Melle USA Inc. reported $230,884 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,649 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 0.04% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 91st-largest of 871 plans among Kentucky employers on file, and the 2,022nd of 13,661 in manufacturing. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 546 to 1,162 since 2022.

Plan summary
Net assets, end of year$91,556,649
Participants with balances1,219
Active participants1,162
Employer contributions$5,402,533
Employee contributions$6,892,609
Employer contribution per active participant$4,649
Average account balance$75,108
Benefits paid to participants$6,490,755
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNING
Plan history3
Yearassets · accounts · employer contribution
2024$91.6M · 1,219 accts · $5.4M emplr
2023$73.3M · 995 accts · $3.2M emplr
2022$47.3M · 632 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$230,884
Total administrative$230,884
The Perfetti van Melle USA Inc. 401(k) match · 2024
Employer contribution per active participant$4,649
Median for plans this size$3,635
2024$4,649 per active participant
2023$2,207 per active participant
2022$4,297 per active participant

Perfetti van Melle USA Inc.'s 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$230,884
HORAN SECURITIES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$230,884 · 0.28%
2023$23,081 · 0.04%
2022$18,204 · 0.04%
Same employer
Similar plansManufacturing · Kentucky
Sazerac Company, Inc. KY$166.6M · 0.16%
Zoeller Company KY$117.9M · 0.05%
Zeon Chemicals L. P. KY$91.0M · 0.07%
Toyotetsu America, Inc. KY$89.9M · 0.29%
Inoac USA, Inc. KY$89.2M · 0.28%
Mubea, Inc. KY$87.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042493964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.