Plan Ledger DOL Form 5500 · updated monthly

Prince Manufacturing Corporation401(k)

PRINCE MANUFACTURING CORPORATION 401(K) RETIREMENT PLAN · NORTH SIOUX CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Prince Manufacturing Corporation reported $27,861 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,315 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 0.05% to 0.06%. 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 39th-largest of 233 plans among South Dakota employers on file, and the 3,079th of 13,661 in manufacturing. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has shrunk from 221 to 195 since 2022.

Plan summary
Net assets, end of year$51,663,987
Participants with balances266
Active participants195
Employer contributions$841,416
Employee contributions$1,192,034
Employer contribution per active participant$4,315
Average account balance$194,226
Benefits paid to participants$2,719,375
Plan auditUnmodified (clean) audit opinion
AuditorNICHOLS RISE & CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$51.7M · 266 accts · $841K emplr
2023$47.4M · 280 accts · $886K emplr
2022$42.2M · 289 accts · $879K emplr
Administrative expenses, itemized · 2024
Investment management$26,798
Trustee / custodial$1,063
Total administrative$27,861
The Prince Manufacturing Corporation 401(k) match · 2024
Employer contribution per active participant$4,315
Median for plans this size$2,416
2024$4,315 per active participant
2023$4,280 per active participant
2022$3,978 per active participant

Prince Manufacturing Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
SECURITY NATIONAL BANK · Investment management · Recordkeeping$26,798
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)$1,063
CHARLES SCHWAB & CO INC · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024SECURITY NATIONAL BANK
2023SECURITY NATIONAL BANK

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Administrative cost history3
2024$27,861 · 0.06%
2023$22,467 · 0.05%
2022$22,717 · 0.05%
Same employer
Similar plansManufacturing · South Dakota
Sonifi Solutions, Inc. SD$95.2M · 0.20%
Trail King Industries, Inc. SD$68.1M · 0.04%
Raven Industries, Inc. SD$56.8M · 0.18%
Aerostar International, LLC SD$36.9M · 0.10%
Viaflex, Inc. SD$32.9M · 0.35%
Shur-Co, LLC SD$21.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420678168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.