Plan Ledger DOL Form 5500 · updated monthly

Polygon Company401(k)

POLYGON COMPANY 401(K) PLAN · WALKERTON, IN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Polygon Company reported $59,003 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,229 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 rose from 0.33% to 0.47%. 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 758th-largest of 1,562 plans among Indiana employers on file, and 7,490th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has shrunk from 255 to 220 since 2022.

Plan summary
Net assets, end of year$13,691,236
Participants with balances253
Active participants220
Employer contributions$490,321
Employee contributions$848,687
Employer contribution per active participant$2,229
Average account balance$54,116
Benefits paid to participants$610,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 253 accts · $490K emplr
2023$11.3M · 285 accts · $652K emplr
2022$9.0M · 270 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,118
Investment management$16,885
Total administrative$59,003
The Polygon Company 401(k) match · 2024
Employer contribution per active participant$2,229
Median for plans this size$2,416
2024$2,229 per active participant
2023$2,671 per active participant
2022$678 per active participant

Polygon Company's 2024 employer contribution ran below 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
JOHN HANCOCK · Recordkeeping · Loan processing$42,118
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$16,885

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,003 · 0.47%
2023$76,707 · 0.76%
2022$33,737 · 0.33%
Same employer
Similar plansManufacturing · Indiana
Electronics Research, Inc. IN$14.0M · 0.32%
The Papers Incorporated IN$14.0M · 0.08%
Flodraulic Group Inc IN$13.3M · 0.07%
Steel Warehouse Company LLC IN$13.2M · 0.53%
Heartland Automotive, LLC IN$13.1M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350864973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.