Plan Ledger DOL Form 5500 · updated monthly

Prime Conduit, Inc.401(k)

PRIME CONDUIT, INC 401(K) PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Prime Conduit, Inc. reported $18,480 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,887 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 0.04% to 0.08%. 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 1,103rd-largest of 3,295 plans among Ohio employers on file, and the 5,042nd of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,614,252
Participants with balances261
Active participants231
Employer contributions$666,927
Employee contributions$1,084,948
Employer contribution per active participant$2,887
Average account balance$98,139
Benefits paid to participants$2,320,044
Plan auditUnmodified (clean) audit opinion
AuditorCIUNI & PANICHI
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 261 accts · $667K emplr
2023$23.2M · 349 accts · $642K emplr
2022$20.5M · 362 accts · $667K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,480
Total administrative$18,480
The Prime Conduit, Inc. 401(k) match · 2024
Employer contribution per active participant$2,887
Median for plans this size$2,416
2024$2,887 per active participant
2023$2,944 per active participant
2022$2,899 per active participant

Prime Conduit, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$18,480

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$18,480 · 0.08%
2023$13,158 · 0.06%
2022$9,810 · 0.04%
Same employer
Similar plansManufacturing · Ohio
Coltene/Whaledent, Inc. OH$25.9M · 0.39%
Luxium Solutions, LLC OH$25.9M · 0.24%
Buckeye Ready-Mix, L.L.C. OH$25.8M · 0.22%
Westerman, Inc. OH$25.7M · 0.37%
Usui International Corp OH$25.3M · 0.50%
Adb Safegate Americas, LLC OH$25.2M · 0.10%
Miller Products, Inc. OH$25.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320254376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.