Plan Ledger DOL Form 5500 · updated monthly

Pratt Industries U.S.A., Inc.401(k)

PRATT INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Pratt Industries U.S.A., Inc. reported $1,170,929 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,260 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 0.13% to 0.23%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 73rd-largest of 2,160 plans among Georgia employers on file, and the 529th of 13,661 in manufacturing. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 8,381 to 9,240 since 2022.

Plan summary
Net assets, end of year$551,798,232
Participants with balances10,771
Active participants9,240
Employer contributions$20,878,946
Employee contributions$43,752,014
Employer contribution per active participant$2,260
Average account balance$51,230
Benefits paid to participants$49,042,126
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$551.8M · 10,771 accts · $20.9M emplr
2023$476.1M · 10,175 accts · $17.2M emplr
2022$400.8M · 9,772 accts · $14.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$545,352
Total administrative$1,170,929
The Pratt Industries U.S.A., Inc. 401(k) match · 2024
Employer contribution per active participant$2,260
Median for plans this size$4,294
2024$2,260 per active participant
2023$1,913 per active participant
2022$1,722 per active participant

Pratt Industries U.S.A., Inc.'s 2024 employer contribution ran below the $4,294 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$545,352

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$1,170,929 · 0.23%
2023$540,751 · 0.12%
2022$562,346 · 0.13%
Same employer
Similar plansManufacturing · Georgia
Flowers Foods, Inc. GA$959.4M · 0.10%
Agco Corporation GA$757.3M · 0.08%
J.M. Huber Corporation GA$713.6M · 0.13%
The Quikrete Companies GA$622.1M · 0.20%
Southwire Company, LLC GA$506.0M · 0.16%
Rheem Manufacturing Company GA$469.1M · 0.17%
Printpack, Inc. GA$460.6M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 980070672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.