Plan Ledger DOL Form 5500 · updated monthly

Precision Castparts Corp.401(k)

PRECISION CASTPARTS CORP. 401(K) RETIREMENT SAVINGS PLAN · LAKE OSWEGO, OR · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Precision Castparts Corp. reported $1,150,312 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $3,399 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 fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 3rd-largest of 1,021 plans among Oregon employers on file, and the 131st of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,483,464,472
Participants with balances22,000
Active participants17,695
Employer contributions$60,138,244
Employee contributions$103,837,118
Employer contribution per active participant$3,399
Average account balance$112,885
Benefits paid to participants$262,356,037
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5B · 22,000 accts · $60.1M emplr
2023$2.2B · 21,298 accts · $52.6M emplr
2022$1.9B · 21,024 accts · $44.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$873,953
Audit (IQPA)$55,125
Total administrative$1,150,312
The Precision Castparts Corp. 401(k) match · 2024
Employer contribution per active participant$3,399
Median for plans this size$5,259
2024$3,399 per active participant
2023$3,087 per active participant
2022$2,646 per active participant

Precision Castparts Corp.'s 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$873,953
MULTNOMAH GROUP · Consulting · Investment advisory (plan)$105,000
BAKER TILLY US, LLP · Accounting / audit$55,125
STOEL RIVES · Legal$44,850
GRAPHIC INFORMATION SYSTEMS, INC. · Other services$18,623

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$1,150,312 · 0.05%
2023$1,199,231 · 0.06%
2022$1,264,655 · 0.06%
Similar plansManufacturing · Oregon
Solventum Corporation MN$2.6B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930460598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.