Plan Ledger DOL Form 5500 · updated monthly

Psi Molded Plastics Holdings, Inc.401(k)

PSI MOLDED PLASTICS INC. 401(K) RETIREMENT PLAN · SOUTH BEND, IN · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Psi Molded Plastics Holdings, Inc. reported $32,130 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $398 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 0.49% to 0.61%. 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 Indiana (1,124th of 1,562), and 10,869th of 13,661 in manufacturing. In 2023, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,650,902
Participants with balances198
Active participants408
Employer contributions$162,546
Employee contributions$381,771
Employer contribution per active participant$398
Average account balance$28,540
Benefits paid to participants$419,442
Plan auditUnmodified (clean) audit opinion
AuditorBKC, CPAS, PC
Plan history2
Yearassets · accounts · employer contribution
2023$5.7M · 198 accts · $163K emplr
2022$4.9M · 209 accts · $158K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,924
Investment management$2,759
Audit (IQPA)$12,447
Total administrative$32,130
The Psi Molded Plastics Holdings, Inc. 401(k) match · 2023
Employer contribution per active participant$398
Median for plans this size$1,308
2023$398 per active participant
2022$356 per active participant

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

Service providers · 20232
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$16,924
BANK OF AMERICA NA · Investment advisory (plan)$12,447

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$32,130 · 0.61%
2022$27,864 · 0.49%
Similar plansManufacturing · Indiana
L& W Engineering, Inc. IN$6.0M · 0.30%
Functional Devices, Inc. IN$5.9M · 0.90%
Advanced Agrilytics LLC IN$5.8M · 1.31%
Poseidon LLC IN$5.8M · 0.37%
Nasco Industries, Inc. IN$5.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823327487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.