Plan Ledger DOL Form 5500 · updated monthly

Prospect Mold and Die Company401(k)

PROSPECT MOLD AND DIE COMPANY THRIFT INCENTIVE PLAN · CUYAHOGA FALLS, OH · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Prospect Mold and Die Company reported $44,425 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $718 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 0.23% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,747th of 3,295), and 7,727th of 13,661 in manufacturing. In 2024, employees put in $7.82 for every $1.00 the employer contributed; active participation has grown from 113 to 125 since 2022.

Plan summary
Net assets, end of year$12,949,823
Participants with balances142
Active participants125
Employer contributions$89,750
Employee contributions$702,291
Employer contribution per active participant$718
Average account balance$91,196
Benefits paid to participants$1,318,826
Plan auditUnmodified (clean) audit opinion
AuditorWINBRIDGE SBF LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 142 accts · $90K emplr
2023$11.9M · 125 accts · $84K emplr
2022$11.9M · 126 accts · $83K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,255
Investment management$31,170
Total administrative$44,425
The Prospect Mold and Die Company 401(k) match · 2024
Employer contribution per active participant$718
Median for plans this size$2,416
2024$718 per active participant
2023$727 per active participant
2022$736 per active participant

Prospect Mold and Die Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
IFP ADVISORS INC DBA INDEPENDENT FI · Investment advisory (plan)$31,170

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$44,425 · 0.36%
2023$30,273 · 0.25%
2022$30,812 · 0.23%
Same employer
Similar plansManufacturing · Ohio
Crawford United 401(K) Plan OH$13.1M · 0.60%
Upc Holdings III Corp. OH$13.1M · 0.40%
Fecon, LLC OH$13.0M · 0.00%
Cerco I, Inc. OH$12.8M · 0.16%
Veoneer Brake Systems LLC OH$12.8M · 0.69%
Plastic Suppliers, Inc. OH$12.8M · 0.14%
Takumi Stamping Inc. OH$12.7M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340687173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.