Plan Ledger DOL Form 5500 · updated monthly

Peter Paul Electronics Co., Inc.401(k)

PETER PAUL ELECTRONICS COMPANY, INC. 401(K) PROFIT SHARING PLAN · NEW BRITAIN, CT · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Peter Paul Electronics Co., Inc. reported $33,679 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,567 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 0.60% to 0.48%. 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 Connecticut (829th of 1,106), and 9,967th of 13,661 in manufacturing. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,363,888
Participants with balances131
Active participants101
Employer contributions$158,225
Employee contributions$421,773
Employer contribution per active participant$1,567
Average account balance$56,213
Benefits paid to participants$632,093
Plan auditUnmodified (clean) audit opinion
AuditorSRC CERTIFIED PUBLIC ACCOUNTANTS PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 131 accts · $158K emplr
2023$6.7M · 133 accts · $69K emplr
2022$6.6M · 135 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,679
Total administrative$33,679
The Peter Paul Electronics Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,567
Median for plans this size$1,313
2024$1,567 per active participant
2023$617 per active participant
2022$1,217 per active participant

Peter Paul Electronics Co., Inc.'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 · 20244
EMPOWER$11,764
SMITH BROTHERS · Investment advisory (plan)$4,006
ADVISED ASSETS GROUP · Investment management$745
PENSION CONSULTANTS INC · Contract administrator$180

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$33,679 · 0.48%
2023$44,132 · 0.67%
2022$41,391 · 0.60%
Same employer
Similar plansManufacturing · Connecticut
Ghp Media, Inc. CT$7.6M · 0.05%
McR Donuts, Inc. CT$7.3M · 1.08%
Phenomebio, Inc. CT$7.3M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060811946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.