Plan Ledger DOL Form 5500 · updated monthly

Phd Manufacturing Inc401(k)

PHD MANUFACTURING INC 401(K) PROFIT SHARING PLAN & TRUST · COLUMBIANA, OH · plan year 2022

Reported admin expense ratio · 2022
0.66%

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

Phd Manufacturing Inc reported $44,786 in plan administrative expenses for 2022: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,557 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 3 years on file its reported administrative ratio has held roughly steady near 0.662%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,406th of 3,295), and 10,622nd of 13,661 in manufacturing. In 2022, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,116,812
Participants with balances119
Active participants98
Employer contributions$152,607
Employee contributions$439,835
Employer contribution per active participant$1,557
Average account balance$51,402
Benefits paid to participants$758,436
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH AND KING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 96 accts · $167K emplr
2023$5.7M · 110 accts · $160K emplr
2022$6.1M · 119 accts · $153K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$20,741
Investment management$22,638
Professional / advisory$1,407
Total administrative$44,786
The Phd Manufacturing Inc 401(k) match · 2022
Employer contribution per active participant$1,557
Median for plans this size$1,114
2024$1,666 per active participant
2023$1,629 per active participant
2022$1,557 per active participant

Phd Manufacturing Inc's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Paychex
2023LEVELIZED COMPENSATION ADVISOR, Paychex

This plan has changed recordkeepers within these filings. If you left Phd Manufacturing Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,408 · 0.66%
2023$39,820 · 0.67%
2022$44,786 · 0.66%
Same employer
Similar plansManufacturing · Ohio
Gb Manufacturing Co. OH$6.2M · 0.95%
St. Marys Foundry, Inc. OH$6.2M · 0.64%
Borgers USA Corp. OH$6.1M · 1.86%
Lordstown Ev Corporation OH$6.1M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341098720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.