Plan Ledger DOL Form 5500 · updated monthly

Promex Industries, Inc.401(k)

PROMEX 401(K) SAVINGS PLAN · SANTA CLARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.27%

Promex Industries, Inc. reported $18,864 in plan administrative expenses for 2024: 0.27% 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 fell from 0.44% to 0.27%. 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 California (6,187th of 9,483), and 9,911th of 13,661 in manufacturing. active participation has grown from 88 to 106 since 2022.

Plan summary
Net assets, end of year$7,487,921
Participants with balances136
Active participants106
Employer contributions—
Employee contributions$778,348
Employer contribution per active participant—
Average account balance$55,058
Benefits paid to participants$818,315
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 136 accts
2023$6.6M · 138 accts · $4K emplr
2022$6.6M · 133 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,378
Investment management$5,486
Total administrative$18,864
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
INSPERITY RETIREMENT SERVICES · Recordkeeping · Loan processing$13,379
WILSHIRE ASSOCIATES · Consulting · Investment advisory (participants)$5,486

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

Recordkeeper by year2
2024INSPERITY RETIREMENT SERVICES
2023INSPERITY RETIREMENT SERVICES, Vanguard

This plan has changed recordkeepers within these filings. If you left Promex Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,864 · 0.27%
2023$40,455 · 0.61%
2022$33,078 · 0.44%
Similar plansManufacturing · California
Sanisure LLC CA$7.6M · 1.04%
Sanisure, LLC CA$7.6M · 1.04%
Scelzi Enterprises, Inc. CA$7.6M · 0.54%
Etm-Electromatic, Inc. CA$7.6M · 0.12%
Wawona Frozen Foods CA$7.5M · 0.64%
Glasswerks la Inc. CA$7.4M · 0.38%
Nanostone Water, Inc. CA$7.4M · 0.70%
Swisstex California, Inc. CA$7.4M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770409193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.