Plan Ledger DOL Form 5500 · updated monthly

Precision Valve Corporation401(k)

PRECISION VALVE CORPORATION RETIREMENT SAVINGS PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Precision Valve Corporation reported $80,584 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $734 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 0.11% to 0.57%. 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 339th-largest of 807 plans among South Carolina employers on file, and 7,210th of 13,661 in manufacturing. In 2024, employees put in $4.20 for every $1.00 the employer contributed; active participation has shrunk from 195 to 173 since 2022.

Plan summary
Net assets, end of year$14,602,942
Participants with balances173
Active participants173
Employer contributions$127,041
Employee contributions$533,244
Employer contribution per active participant$734
Average account balance$84,410
Benefits paid to participants$1,900,881
Plan auditUnmodified (clean) audit opinion
AuditorCAON & BLETZER,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 173 accts · $127K emplr
2023$13.7M · 201 accts · $136K emplr
2022$12.0M · 188 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,749
Investment management$43,835
Total administrative$80,584
The Precision Valve Corporation 401(k) match · 2024
Employer contribution per active participant$734
Median for plans this size$2,416
2024$734 per active participant
2023$777 per active participant
2022$305 per active participant

Precision Valve Corporation'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
MML INVESTORS SERVICES LLC · Investment advisory (plan)$25,640
EMPOWER ADVISORY GROUP, LLC · Investment management$1,761

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$80,584 · 0.57%
2023$13,905 · 0.11%
2022$15,348 · 0.11%
Same employer
Similar plansManufacturing · South Carolina
Rather Outdoors Corporation SC$15.1M · 0.60%
Jagenberg US Holding, Inc. SC$14.7M · 0.04%
Leigh Fibers, Inc. SC$14.6M · 0.12%
Bomag Americas, Inc. SC$14.6M · 0.02%
Bwt LLC SC$14.5M · 0.10%
Agru America, Inc. SC$14.3M · 0.64%
Greenfield Industries, Inc. SC$14.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131725893 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.