Plan Ledger DOL Form 5500 · updated monthly

Porter, Inc.401(k)

PORTER, INC. 401(K) PROFIT SHARING PLAN · DECATUR, IN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Porter, Inc. reported $95,528 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,144 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 0.17% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 260th-largest of 1,562 plans among Indiana employers on file, and the 2,898th of 13,661 in manufacturing. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has shrunk from 341 to 292 since 2022.

Plan summary
Net assets, end of year$55,987,797
Participants with balances341
Active participants292
Employer contributions$625,962
Employee contributions$1,705,866
Employer contribution per active participant$2,144
Average account balance$164,187
Benefits paid to participants$5,849,910
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$56.0M · 341 accts · $626K emplr
2023$53.1M · 353 accts · $609K emplr
2022$48.4M · 401 accts · $792K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,498
Investment management$13,030
Total administrative$95,528
The Porter, Inc. 401(k) match · 2024
Employer contribution per active participant$2,144
Median for plans this size$3,635
2024$2,144 per active participant
2023$2,049 per active participant
2022$2,324 per active participant

Porter, Inc.'s 2024 employer contribution ran below the $3,635 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 RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$84,871
WILSHIRE ASSOCIATES, INC. · Investment advisory (plan)$10,657

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$95,528 · 0.18%
2023$83,027 · 0.16%
2022$74,291 · 0.17%
Same employer
Similar plansManufacturing · Indiana
Monosol, LLC IN$62.4M · 0.00%
Osborn LLC IN$62.1M · 0.39%
Fcc Indiana, Inc. IN$60.3M · 0.14%
Jason Group Inc. IN$58.9M · 0.30%
Welch Packaging Group, Inc. IN$54.9M · 0.49%
Telamon Corporation IN$53.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351372361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.