Plan Ledger DOL Form 5500 · updated monthly

Protech Industries, Inc.401(k)

PROTECH INDUSTRIES, INC. 401(K) PLAN · LA VERGNE, TN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Protech Industries, Inc. reported $5,714 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $910 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 0.07% to 0.08%. 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 Tennessee (944th of 1,496), and 10,006th of 13,661 in manufacturing. In 2024, employees put in $4.06 for every $1.00 the employer contributed; active participation has shrunk from 125 to 104 since 2022.

Plan summary
Net assets, end of year$7,290,832
Participants with balances153
Active participants104
Employer contributions$94,648
Employee contributions$384,004
Employer contribution per active participant$910
Average account balance$47,652
Benefits paid to participants$565,009
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 153 accts · $95K emplr
2023$6.6M · 167 accts · $115K emplr
2022$5.8M · 183 accts · $132K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,714
Total administrative$5,714
The Protech Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$910
Median for plans this size$1,313
2024$910 per active participant
2023$1,108 per active participant
2022$1,059 per active participant

Protech Industries, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$5,714
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$5,714 · 0.08%
2023$3,879 · 0.06%
2022$4,500 · 0.07%
Same employer
Similar plansManufacturing · Tennessee
Gold Bond, Inc TN$7.8M · 0.84%
Textile Printing Company TN$7.6M · 0.46%
Emi Porta Holdco LLC TN$7.2M · 0.33%
Tennsmith Holdings Inc. TN$7.0M · 0.54%
Exedy America Corporation TN$7.0M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911181785 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.