Plan Ledger DOL Form 5500 · updated monthly

Priority Plastics Inc.401(k)

PRIORITY PLASTICS INC. 401K PLAN · PORTLAND, IN · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Priority Plastics Inc. reported $22,972 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $953 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 0.26% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (976th of 1,562), and 9,571st of 13,661 in manufacturing. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,233,508
Participants with balances221
Active participants205
Employer contributions$195,382
Employee contributions$635,592
Employer contribution per active participant$953
Average account balance$37,256
Benefits paid to participants$728,521
Plan auditUnmodified (clean) audit opinion
AuditorLOPATA FLEGEL & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 221 accts · $195K emplr
2023$7.0M · 255 accts · $210K emplr
2022$6.4M · 240 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,809
Investment management$19,163
Total administrative$22,972
The Priority Plastics Inc. 401(k) match · 2024
Employer contribution per active participant$953
Median for plans this size$1,313
2024$953 per active participant
2023$956 per active participant
2022$1,018 per active participant

Priority Plastics Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$4,410
RT JONES CAPITAL EQUITIES MGMT INC · Investment advisory (participants) · Investment advisory (plan)$19,163
FIRST HEARTLAND CNSLTNTS · Consultingindirect 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
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$22,972 · 0.30%
2023$20,063 · 0.30%
2022$19,550 · 0.26%
Same employer
Similar plansManufacturing · Indiana
Girtz Industries Inc IN$8.4M · 0.65%
Hardingpoorman, Inc. IN$8.2M · 0.53%
The Mursix Corporation IN$8.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263348057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.