Plan Ledger DOL Form 5500 · updated monthly

Prysmian Cables and Systems (US) Inc.401(k)

PRYSMIAN GROUP 401(K) PLAN · HIGHLAND HEIGHTS, KY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Prysmian Cables and Systems (US) Inc. reported $529,279 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $3,591 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 fell from 0.084% to 0.079%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 14th-largest of 871 plans among Kentucky employers on file, and the 437th of 13,661 in manufacturing. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$703,272,478
Participants with balances6,804
Active participants5,471
Employer contributions$19,645,322
Employee contributions$28,259,908
Employer contribution per active participant$3,591
Average account balance$103,362
Benefits paid to participants$82,553,194
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$703.3M · 6,804 accts · $19.6M emplr
2023$638.3M · 6,611 accts · $18.0M emplr
2022$564.3M · 6,583 accts · $17.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$375,856
Investment management$41,971
Audit (IQPA)$27,650
Total administrative$529,279
The Prysmian Cables and Systems (US) Inc. 401(k) match · 2024
Employer contribution per active participant$3,591
Median for plans this size$4,294
2024$3,591 per active participant
2023$3,420 per active participant
2022$3,331 per active participant

Prysmian Cables and Systems (US) Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$375,856
HIGHLAND CONSULTING ASSOCIATES, IN · Consulting$83,802
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$41,971
ELLIOTT DAVIS, LLC/PLLC · Accounting / audit$27,650

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$529,279 · 0.08%
2023$491,359 · 0.08%
2022$531,784 · 0.08%
Same employer
Similar plansManufacturing · Kentucky
Lexmark International KY$1.2B · 0.04%
Brown-Forman Corporation KY$648.5M · 0.03%
Pro Mach, Inc. KY$485.8M · 0.16%
Wieland North America, Inc. KY$424.6M · 0.13%
Wieland North America, Inc. KY$367.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571061511 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.