Plan Ledger DOL Form 5500 · updated monthly

Projects Incorporated401(k)

PROJECTS INCORPORATED 401K PLAN · GLASTONBURY, CT · plan year 2022

Reported admin expense ratio · 2022
0.06%

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

Projects Incorporated reported $8,719 in plan administrative expenses for 2022: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,291 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 manufacturing employers. By assets it is among the smaller plans on file in Connecticut (679th of 1,106), and 7,702nd of 13,661 in manufacturing. In 2022, employees put in $3.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,032,595
Participants with balances73
Active participants89
Employer contributions$114,910
Employee contributions$376,090
Employer contribution per active participant$1,291
Average account balance$178,529
Benefits paid to participants$2,047,151
Plan auditUnmodified (clean) audit opinion
AuditorWHITTLESEY, P.C.
Administrative expenses, itemized · 2022
Professional / advisory$8,719
Total administrative$8,719
The Projects Incorporated 401(k) match · 2022
Employer contribution per active participant$1,291
Median for plans this size$2,266

Projects Incorporated's 2022 employer contribution ran below 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.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$8,719 · 0.06%
Similar plansManufacturing · Connecticut
Shepard Steel Co., Inc. CT$14.1M · 0.01%
Kimchuk, Inc. CT$14.1M · 0.12%
Bauer, Inc. CT$13.8M · 0.49%
United Steel, Inc. CT$13.4M · 0.44%
Harvest Hill Beverage Company CT$13.0M · 0.13%
Unger Enterprises, LLC CT$12.9M · 0.03%
Freightliner of Hartford Inc CT$12.7M · 0.04%
The Platt Bros. & Co. CT$12.7M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060740540 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.