Plan Ledger DOL Form 5500 · updated monthly

Pinova Inc.401(k)

PINOVA SAVINGS AND INVESTMENT PLAN · BRUNSWICK, GA · plan year 2022

Reported admin expense ratio · 2022
0.09%

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

Pinova Inc. reported $23,505 in plan administrative expenses for 2022: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,412 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 0.09% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 771st-largest of 2,160 plans among Georgia employers on file, and the 5,227th of 13,661 in manufacturing. In 2022, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,245,683
Participants with balances295
Active participants229
Employer contributions$1,010,457
Employee contributions$1,605,104
Employer contribution per active participant$4,412
Average account balance$82,189
Benefits paid to participants$3,423,564
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK ASKEW & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 156 accts · $234K emplr
2023$23.0M · 218 accts · $785K emplr
2022$24.2M · 295 accts · $1.0M emplr
Administrative expenses, itemized · 2022
Investment management$16,955
Total administrative$23,505
The Pinova Inc. 401(k) match · 2022
Employer contribution per active participant$4,412
Median for plans this size$2,266
2024$4,508 per active participant
2023$14,268 per active participant
2022$4,412 per active participant

Pinova Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$15,332 · 0.08%
2023$11,018 · 0.05%
2022$23,505 · 0.09%
Similar plansManufacturing · Georgia
Pai Industries, Inc. GA$24.4M · 0.13%
Clyde Industries Inc. GA$24.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271224226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.