Plan Ledger DOL Form 5500 · updated monthly

Port Erie Plastics, Inc.401(k)

PORT ERIE PLASTICS, INC. RETIREMENT PLAN · HARBORCREEK, PA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Port Erie Plastics, Inc. reported $53,653 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $997 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 0.30% to 0.31%. 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 1,635th-largest of 3,651 plans among Pennsylvania employers on file, and the 6,344th of 13,661 in manufacturing. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,997,914
Participants with balances289
Active participants338
Employer contributions$336,895
Employee contributions$870,973
Employer contribution per active participant$997
Average account balance$62,277
Benefits paid to participants$1,539,598
Plan auditUnmodified (clean) audit opinion
AuditorSKM
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 289 accts · $337K emplr
2023$16.2M · 258 accts · $254K emplr
2022$16.2M · 230 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,653
Total administrative$53,653
The Port Erie Plastics, Inc. 401(k) match · 2024
Employer contribution per active participant$997
Median for plans this size$2,416
2024$997 per active participant
2023$777 per active participant
2022$828 per active participant

Port Erie Plastics, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
METRO BENEFITS, INC. · Contract administrator$6,930
OSAIC INSTITUTIONS, INCindirect 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$53,653 · 0.31%
2023$41,959 · 0.26%
2022$51,908 · 0.30%
Same employer
Similar plansManufacturing · Pennsylvania
Akrion Technologies, Inc. PA$18.3M · 0.12%
Afc Industries, Inc. PA$18.3M · 0.10%
Npx One, LLC PA$18.2M · 0.65%
Premier Custom-Built, Inc. PA$18.2M · 0.30%
Richter Precision Inc PA$18.0M · 0.42%
Irwin Car and Equipment PA$17.9M · 0.35%
Quaker Maid Meats, Inc. PA$17.9M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251032274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.