Plan Ledger DOL Form 5500 · updated monthly

Processed Metals Innovators, Inc.401(k)

PMI 401(K) PLAN · BLOOMER, WI · plan year 2024

Reported admin expense ratio · 2024
0.29%

Processed Metals Innovators, Inc. reported $19,127 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. 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 0.29%. 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 Wisconsin (1,478th of 1,936), and 10,168th of 13,661 in manufacturing. active participation has shrunk from 138 to 114 since 2022.

Plan summary
Net assets, end of year$7,008,647
Participants with balances134
Active participants114
Employer contributions—
Employee contributions$499,144
Employer contribution per active participant—
Average account balance$52,303
Benefits paid to participants$459,150
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 134 accts
2023$6.2M · 135 accts · $133K emplr
2022$4.5M · 129 accts · $145K emplr
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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$50,100
OLSEN THIELEN & CO., LTD. · Accounting / audit$12,100

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$19,127 · 0.29%
2023$3,403 · 0.06%
2022$2,153 · 0.05%
All plans at this employer2
PMI 401(K) PLAN401(k)
PROCESSED METALS INNOVATORS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Velocity Machine, Inc. WI$7.2M · 1.12%
Matenaer Corporation WI$7.1M · 0.25%
Abet USA, Inc. WI$7.1M · 0.57%
Tnt Crust LLC WI$7.1M · 1.91%
Royal Basket Trucks Inc. WI$7.0M · 0.28%
Dental Crafters, Inc. WI$6.9M · 0.51%
Wendricks Truss, Inc. WI$6.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861217830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.