Professional Electric Products Co.401(k)
PROFESSIONAL ELECTRIC PRODUCTS CO., INC 401K PROFIT SHARING PLAN · EASTLAKE, OH · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Professional Electric Products Co. reported $162,868 in plan administrative expenses for 2022: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,477 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,559th-largest of 3,295 plans among Ohio employers on file, and 2,302nd of 4,246 in wholesale trade. In 2022, employees put in $1.50 for every $1.00 the employer contributed.
Professional Electric Products Co.'s 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 341018087 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.