Plan Ledger DOL Form 5500 · updated monthly

Polymer Corporation401(k)

POLYMER CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · ROCKLAND, MA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Polymer Corporation reported $26,001 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $736 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 0.18% to 0.32%. 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 Massachusetts (1,994th of 2,726), and 9,364th of 13,661 in manufacturing. In 2024, employees put in $4.83 for every $1.00 the employer contributed; active participation has shrunk from 127 to 114 since 2022.

Plan summary
Net assets, end of year$8,686,714
Participants with balances176
Active participants114
Employer contributions$83,861
Employee contributions$405,010
Employer contribution per active participant$736
Average account balance$49,356
Benefits paid to participants$488,535
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 176 accts · $84K emplr
2023$7.5M · 174 accts · $86K emplr
2022$5.1M · 172 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,966
Audit (IQPA)$12,075
Trustee / custodial$960
Total administrative$26,001
The Polymer Corporation 401(k) match · 2024
Employer contribution per active participant$736
Median for plans this size$1,313
2024$736 per active participant
2023$696 per active participant
2022$566 per active participant

Polymer Corporation's 2024 employer contribution ran below 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 · 20241
PAYCHEX, INC. · Recordkeeping$13,026

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$26,001 · 0.32%
2023$11,692 · 0.19%
2022$10,891 · 0.18%
Same employer
Similar plansManufacturing · Massachusetts
Century Box, Inc MA$9.2M · 0.25%
Alert Innovation Inc. MA$9.2M · 0.21%
Double E Company, LLC MA$8.6M · 0.21%
Ranor, Inc. MA$8.6M · 0.26%
G & F Industries MA$8.5M · 0.33%
Sampco Inc. MA$8.4M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364135155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.