Plan Ledger DOL Form 5500 · updated monthly

Qualex Manufacturing401(k)

QUALEX MANUFACTURING LLC 401K PROFIT SHARING PLAN · GEORGETOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Qualex Manufacturing reported $14,978 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,194 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 2 years on file its reported administrative ratio rose from 0.14% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kentucky (490th of 871), and 9,025th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,477,339
Participants with balances280
Active participants319
Employer contributions$380,806
Employee contributions$817,450
Employer contribution per active participant$1,194
Average account balance$33,848
Benefits paid to participants$541,157
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 280 accts · $381K emplr
2023$8.1M · 251 accts · $333K emplr
2022$6.5M · 247 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,233
Investment management$1,745
Total administrative$14,978
The Qualex Manufacturing 401(k) match · 2024
Employer contribution per active participant$1,194
Median for plans this size$1,313
2024$1,194 per active participant
2023$1,048 per active participant
2022$1,002 per active participant

Qualex Manufacturing's 2024 employer contribution ran below the $1,313 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$9,613
MCGREGOR & ASSOCIATES, INC · Recordkeeping · Loan processing$3,620
MESIROW FINANCIAL · Investment advisory (plan)$1,745

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

Recordkeeper by year2
2024MCGREGOR & ASSOCIATES, INC, Transamerica
2023MCGREGOR & ASSOCIATES, INC, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$14,978 · 0.17%
2023$14,076 · 0.19%
2022$9,661 · 0.14%
Same employer
Similar plansManufacturing · Kentucky
Fischer Industries, LLC KY$9.8M · 0.62%
Fischbach USA, Inc. KY$9.7M · 0.53%
Hillerich & Bradsby Co. KY$9.6M · 0.40%
Decoart, LLC KY$9.4M · 0.02%
Grindmaster Corporation KY$9.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611273995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.