Plan Ledger DOL Form 5500 · updated monthly

Prime Materials Recovery, Inc.401(k)

PRIME MATERIALS RECOVERY, INC. 401(K) PROFIT SHARING PLAN · EAST HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Prime Materials Recovery, Inc. reported $93,772 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,112 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 3 years on file its reported administrative ratio has held roughly steady near 0.418%. 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 495th-largest of 1,106 plans among Connecticut employers on file, and the 5,230th of 13,661 in manufacturing. In 2024, employees put in $3.06 for every $1.00 the employer contributed; active participation has grown from 427 to 490 since 2022.

Plan summary
Net assets, end of year$24,228,641
Participants with balances552
Active participants490
Employer contributions$544,861
Employee contributions$1,667,603
Employer contribution per active participant$1,112
Average account balance$43,892
Benefits paid to participants$2,174,273
Plan auditUnmodified (clean) audit opinion
AuditorHARVEY & HOROWITZ, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 552 accts · $545K emplr
2023$20.6M · 461 accts · $444K emplr
2022$17.0M · 459 accts · $418K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,772
Total administrative$93,772
The Prime Materials Recovery, Inc. 401(k) match · 2024
Employer contribution per active participant$1,112
Median for plans this size$2,416
2024$1,112 per active participant
2023$1,052 per active participant
2022$980 per active participant

Prime Materials Recovery, 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 · 20244
LPL FINANCIAL · Investment advisory (plan)$39,578
PASI, LLC · Contract administrator$8,729
THE RETIREMENT PLAN COMPANY, LLC · Contract administrator$4,327

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$93,772 · 0.42%
2023$81,776 · 0.43%
2022$65,481 · 0.42%
Same employer
Similar plansManufacturing · Connecticut
H & T Waterbury, LLC CT$25.4M · 0.27%
Transact Technologies Inc. CT$25.0M · 0.22%
Electro-Methods, Inc. CT$24.4M · 0.54%
Mb Aerospace Holdings Inc. CT$23.1M · 0.33%
Putnam Plastics Corporation CT$22.8M · 0.61%
Wittmann USA Inc.. CT$22.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300105463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.