Plan Ledger DOL Form 5500 · updated monthly

Putnam Precision Products, Inc.401(k)

PUTNAM PRECISION PRODUCTS, INC. PROFIT SHARING 401(K) PLAN · BREWSTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.07%

Putnam Precision Products, Inc. reported $7,224 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. 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 0.10% to 0.07%. 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 among the smaller plans on file in New York (3,424th of 5,648), and 8,239th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$11,340,392
Participants with balances104
Active participants101
Employer contributions—
Employee contributions$198,085
Employer contribution per active participant—
Average account balance$109,042
Benefits paid to participants$215,132
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 104 accts
2023$8.9M · 108 accts
2022$6.6M · 149 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,226
Total administrative$7,224
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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,224

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$7,224 · 0.07%
2023$8,233 · 0.11%
2022$8,014 · 0.10%
Same employer
Similar plansManufacturing · New York
Therm, Incorporated NY$11.7M · 0.73%
Varflex Corporation NY$11.5M · 0.04%
Kinplex Corporation NY$11.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141500355 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.