Plan Ledger DOL Form 5500 · updated monthly

Polyplex USA LLCProfit-sharing plan

POLYPLEX USA LLC 401(K) PLAN · DECATUR, AL · plan year 2024

Reported admin expense ratio · 2024
1.60%

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

Polyplex USA LLC reported $147,030 in plan administrative expenses for 2024: 1.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,295 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 1.34% to 1.60%. 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 Alabama (472nd of 902), and 8,961st of 13,661 in manufacturing. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 172 to 268 since 2022.

Plan summary
Net assets, end of year$9,658,709
Participants with balances299
Active participants268
Employer contributions$347,137
Employee contributions$814,869
Employer contribution per active participant$1,295
Average account balance$32,303
Benefits paid to participants$618,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 299 accts · $347K emplr
2023$8.7M · 244 accts · $326K emplr
2022$6.9M · 252 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,030
Total administrative$147,030
Employer contributions to the Polyplex USA LLC plan · 2024
Employer contribution per active participant$1,295
Median for plans this size$1,313
2024$1,295 per active participant
2023$1,866 per active participant
2022$1,742 per active participant

Polyplex USA LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$136,428
DEFINITI · Contract administrator · Other services$10,602
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$147,030 · 1.60%
2023$121,827 · 1.56%
2022$96,065 · 1.34%
Same employer
Similar plansManufacturing · Alabama
Joon, LLC D/B/A/ Ajin USA AL$10.1M · 0.63%
Frit, Inc. AL$10.1M · 0.47%
Eissmann Automotive, Inc. AL$10.0M · 0.72%
Vectorply Corporation AL$8.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452777778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.