Plan Ledger DOL Form 5500 · updated monthly

Pharma Tech Industries401(k)

PHARMA TECH INDUSTRIES 401(K) PLAN · ROYSTON, GA · plan year 2023

Reported admin expense ratio · 2023
0.54%

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

Pharma Tech Industries reported $56,596 in plan administrative expenses for 2023: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $919 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 0.48% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,171st of 2,160), and 8,319th of 13,661 in manufacturing. In 2023, employees put in $2.39 for every $1.00 the employer contributed; active participation has shrunk from 320 to 282 since 2022.

Plan summary
Net assets, end of year$11,126,463
Participants with balances391
Active participants282
Employer contributions$259,244
Employee contributions$620,619
Employer contribution per active participant$919
Average account balance$28,456
Benefits paid to participants$942,627
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 178 accts · $193K emplr
2023$11.1M · 391 accts · $259K emplr
2022$9.9M · 403 accts · $244K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,596
Total administrative$56,596
The Pharma Tech Industries 401(k) match · 2023
Employer contribution per active participant$919
Median for plans this size$2,440
2024$1,026 per active participant
2023$919 per active participant
2022$761 per active participant

Pharma Tech Industries's 2023 employer contribution ran below the $2,440 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 · 20233
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$25,328
ASCENSUS LLC · Contract administrator$13,009
EMPOWER ANNUNITY INS COMPANY · Insurance broker · Investment advisory (participants)$5,261

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$46,663 · 0.45%
2023$56,596 · 0.54%
2022$51,225 · 0.48%
Similar plansManufacturing · Georgia
1888 Mills, LLC GA$11.9M · 0.18%
Nidec Elesys Americas Corp. GA$11.5M · 0.29%
Nichiha U.S.A., Inc. GA$11.4M · 1.22%
Low Temp Industries, Inc. GA$10.9M · 0.52%
Phx Holdings, LLC GA$10.8M · 1.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202971461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.