Plan Ledger DOL Form 5500 · updated monthly

Phoenix Fabricators and Erectors, LLC401(k)

PHOENIX FABRICATORS AND ERECTORS, LLC PROFIT SHARING PLAN AND TRUST · AVON, IN · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Phoenix Fabricators and Erectors, LLC reported $37,227 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $1,378 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 0.50%. 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 Indiana (997th of 1,562), and 9,707th of 13,661 in manufacturing. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 191 to 291 since 2022.

Plan summary
Net assets, end of year$7,934,288
Participants with balances253
Active participants291
Employer contributions$401,074
Employee contributions$1,072,335
Employer contribution per active participant$1,378
Average account balance$31,361
Benefits paid to participants$1,176,537
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 253 accts · $401K emplr
2023$6.8M · 213 accts · $298K emplr
2022$6.8M · 185 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,009
Investment management$18,218
Total administrative$37,227
The Phoenix Fabricators and Erectors, LLC 401(k) match · 2024
Employer contribution per active participant$1,378
Median for plans this size$1,313
2024$1,378 per active participant
2023$1,655 per active participant
2022$882 per active participant

Phoenix Fabricators and Erectors, LLC'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,009
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$18,218

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$37,227 · 0.50%
2023$49,539 · 0.73%
2022$41,127 · 0.49%
Same employer
Similar plansManufacturing · Indiana
Priority Plastics Inc. IN$8.2M · 0.30%
The Mursix Corporation IN$8.1M · 0.12%
Aero Industries, Inc. IN$7.8M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351676662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.