Plan Ledger DOL Form 5500 · updated monthly

Pyramex Safety Products, LLC401(k)

PYRAMEX SAFETY PRODUCTS 401(K) · PIPERTON, TN · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Pyramex Safety Products, LLC reported $26,654 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,342 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 0.189%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 655th-largest of 1,496 plans among Tennessee employers on file, and 2,309th of 4,246 in wholesale trade. In 2024, employees put in $1.30 for every $1.00 the employer contributed; active participation has grown from 100 to 133 since 2022.

Plan summary
Net assets, end of year$15,622,492
Participants with balances171
Active participants133
Employer contributions$577,439
Employee contributions$749,910
Employer contribution per active participant$4,342
Average account balance$91,360
Benefits paid to participants$184,686
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 171 accts · $577K emplr
2023$12.6M · 147 accts · $534K emplr
2022$10.5M · 137 accts · $455K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,654
Total administrative$26,654
The Pyramex Safety Products, LLC 401(k) match · 2024
Employer contribution per active participant$4,342
Median for plans this size$2,416
2024$4,342 per active participant
2023$4,410 per active participant
2022$4,548 per active participant

Pyramex Safety Products, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$40,975
ARES RETIREMENT PLAN SERVICES LLC · Contract administrator$8,470

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$26,654 · 0.19%
2023$21,345 · 0.18%
2022$21,537 · 0.19%
Similar plansWholesale Trade · Tennessee
Athens Paper Company, Inc. TN$18.9M · 0.04%
The Bailey Company, Inc. TN$18.6M · 0.44%
Associated Packaging, Inc. TN$16.2M · 0.63%
Kenny Pipe & Supply, Inc. TN$14.2M · 0.53%
Symmetry Surgical Inc. TN$13.5M · 0.41%
Chemical Services, Inc. TN$13.3M · 0.56%
Eagle Distributing Company TN$13.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621619253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.