Plan Ledger DOL Form 5500 · updated monthly

Prystup Packaging Products, Inc.401(k)

PRYSTUP PACKAGING PRODUCTS 401(K) PLAN · LIVINGSTON, AL · plan year 2023

Reported admin expense ratio · 2023
0.67%

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

Prystup Packaging Products, Inc. reported $18,997 in plan administrative expenses for 2023: 0.67% of average plan assets, above the peer median. Employer contributions averaged $794 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 1 year on file its reported administrative ratio rose from 0.62% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Alabama (737th of 902), and 12,254th of 13,661 in manufacturing. In 2023, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,050,865
Participants with balances81
Active participants91
Employer contributions$72,266
Employee contributions$141,242
Employer contribution per active participant$794
Average account balance$37,665
Benefits paid to participants$248,988
Plan auditUnmodified (clean) audit opinion
AuditorREA, SHAW, GIFFIN & STUART, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$3.1M · 81 accts · $72K emplr
2022$2.6M · 83 accts · $55K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,414
Total administrative$18,997
The Prystup Packaging Products, Inc. 401(k) match · 2023
Employer contribution per active participant$794
Median for plans this size$1,308
2023$794 per active participant
2022$735 per active participant

Prystup Packaging Products, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$15,414
REGIONS BANK$3,583

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

Administrative cost history2
2023$18,997 · 0.67%
2022$17,603 · 0.62%
Similar plansManufacturing · Alabama
Pha America Inc AL$3.4M · 0.72%
Colormasters, LLC AL$3.3M · 0.09%
Cabinetry Holdings Corp. AL$3.3M · 0.94%
Performance Drone Works AL$3.0M · 0.15%
Polymer Industries AL$2.7M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630792604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.