Plan Ledger DOL Form 5500 · updated monthly

Polyglass USA, Inc.401(k)

POLYGLASS USA, INC. 401(K) PLAN · DEERFIELD BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Polyglass USA, Inc. reported $113,677 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,491 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 0.39% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 667th-largest of 3,644 plans among Florida employers on file, and the 3,800th of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 423 to 648 since 2022.

Plan summary
Net assets, end of year$38,262,186
Participants with balances476
Active participants648
Employer contributions$2,262,292
Employee contributions$3,497,339
Employer contribution per active participant$3,491
Average account balance$80,383
Benefits paid to participants$4,868,780
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.3M · 476 accts · $2.3M emplr
2023$32.0M · 414 accts · $1.9M emplr
2022$26.0M · 371 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,611
Investment management$63,066
Total administrative$113,677
The Polyglass USA, Inc. 401(k) match · 2024
Employer contribution per active participant$3,491
Median for plans this size$2,416
2024$3,491 per active participant
2023$3,881 per active participant
2022$3,700 per active participant

Polyglass USA, Inc.'s 2024 employer contribution ran above the $2,416 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
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$63,066
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$50,986

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$113,677 · 0.32%
2023$95,510 · 0.33%
2022$104,687 · 0.39%
Same employer
Similar plansManufacturing · Florida
Luminar Technologies Inc. FL$40.6M · 0.81%
Brown Jordan Inc. FL$39.1M · 0.25%
Aero Simulation, Inc. FL$34.4M · 0.06%
Bolton Medical Inc. FL$34.2M · 0.38%
Adma Biologics, Inc. FL$32.6M · 0.48%
Prolifics, Inc. FL$32.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880267816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.