Plan Ledger DOL Form 5500 · updated monthly

Putnam Plastics Corporation401(k)

PUTNAM PLASTICS CORPORATION 401(K) PLAN · DAYVILLE, CT · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Putnam Plastics Corporation reported $128,106 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,133 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 3 years on file its reported administrative ratio has held roughly steady near 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 512th-largest of 1,106 plans among Connecticut employers on file, and the 5,443rd of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 407 to 455 since 2022.

Plan summary
Net assets, end of year$22,838,950
Participants with balances565
Active participants455
Employer contributions$970,600
Employee contributions$1,681,248
Employer contribution per active participant$2,133
Average account balance$40,423
Benefits paid to participants$1,738,274
Plan auditUnmodified (clean) audit opinion
AuditorLEDOUX, PETRUSKA & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 565 accts · $971K emplr
2023$19.0M · 512 accts · $922K emplr
2022$15.5M · 468 accts · $775K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,746
Total administrative$128,106
The Putnam Plastics Corporation 401(k) match · 2024
Employer contribution per active participant$2,133
Median for plans this size$2,416
2024$2,133 per active participant
2023$2,190 per active participant
2022$1,903 per active participant

Putnam Plastics Corporation's 2024 employer contribution ran below the $2,416 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
EMPOWER ANNUITY INS. CO. OF AMERICA · Loan processing$114,738
EMPOWER ADVISORY GROUP, LLC · Investment management$9,392
PASI, LLC · Contract administrator$4,930
MML INVESTORS SERVICES LLCindirect comp

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$128,106 · 0.61%
2023$104,659 · 0.61%
2022$97,139 · 0.59%
Same employer
Similar plansManufacturing · Connecticut
Electro-Methods, Inc. CT$24.4M · 0.54%
Mb Aerospace Holdings Inc. CT$23.1M · 0.33%
Wittmann USA Inc.. CT$22.8M · 0.03%
Tower Laboratories LTD. CT$22.3M · 0.03%
Linemaster Switch Corp. CT$22.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263402495 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.