Plan Ledger DOL Form 5500 · updated monthly

Protomet Corporation401(k)

PROTOMET CORPORATION 401(K) PLAN · LOUDON, TN · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Protomet Corporation reported $37,084 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,917 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 0.57% to 0.63%. 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 (974th of 1,496), and 10,319th of 13,661 in manufacturing. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 169 to 217 since 2022.

Plan summary
Net assets, end of year$6,710,848
Participants with balances199
Active participants217
Employer contributions$415,972
Employee contributions$674,518
Employer contribution per active participant$1,917
Average account balance$33,723
Benefits paid to participants$222,703
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 199 accts · $416K emplr
2023$5.0M · 189 accts · $375K emplr
2022$3.5M · 149 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,084
Total administrative$37,084
The Protomet Corporation 401(k) match · 2024
Employer contribution per active participant$1,917
Median for plans this size$1,313
2024$1,917 per active participant
2023$1,838 per active participant
2022$1,801 per active participant

Protomet Corporation's 2024 employer contribution ran above 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 · 20241
T. ROWE PRICE · Recordkeeping$37,084

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$37,084 · 0.63%
2023$24,877 · 0.59%
2022$18,848 · 0.57%
Same employer
Similar plansManufacturing · Tennessee
Tadano Mantis Corporation TN$7.0M · 0.08%
Ole Smoky Distillery, LLC TN$7.0M · 0.23%
Microporous, LLC TN$6.9M · 0.25%
Tate Ornamental, Inc. TN$6.6M · 0.92%
Enovate Medical TN$6.5M · 0.88%
Storm Manufacturing Inc. TN$6.5M · 0.65%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 621726859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.