Plan Ledger DOL Form 5500 · updated monthly

Priefert Manufacturing Company, Inc401(k)

PRIEFERT MANUFACTURING CO., INC. 401(K) RETIREMENT TRUST · MT. PLEASANT, TX · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Priefert Manufacturing Company, Inc reported $90,382 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,199 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 0.24% to 0.27%. 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 1,349th-largest of 5,688 plans among Texas employers on file, and the 3,959th of 13,661 in manufacturing. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,950,261
Participants with balances1,277
Active participants964
Employer contributions$1,155,535
Employee contributions$2,728,470
Employer contribution per active participant$1,199
Average account balance$28,152
Benefits paid to participants$3,759,386
Plan auditUnmodified (clean) audit opinion
AuditorHENRY & PETERS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.0M · 1,277 accts · $1.2M emplr
2023$31.3M · 1,121 accts · $1.1M emplr
2022$26.5M · 1,041 accts · $955K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,971
Total administrative$90,382
The Priefert Manufacturing Company, Inc 401(k) match · 2024
Employer contribution per active participant$1,199
Median for plans this size$2,416
2024$1,199 per active participant
2023$1,219 per active participant
2022$1,089 per active participant

Priefert Manufacturing Company, 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 · 20242
GERALD BAKER · Investment advisory (plan)$17,630
CHARLES SCHWAB · Investment management$4

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$90,382 · 0.27%
2023$68,784 · 0.24%
2022$68,231 · 0.24%
Same employer
Similar plansManufacturing · Texas
Quva Pharma, Inc. TX$37.4M · 0.35%
Norit Americas Inc. TX$36.5M · 0.31%
Hempelusa, Inc. TX$35.6M · 0.33%
Ipsco Tubulars Inc. TX$35.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751236931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.