Plan Ledger DOL Form 5500 · updated monthly

Saargummi Tn, Inc401(k)

SAARGUMMI TN, INC 401K PROFIT SHARING PLAN · PULASKI, TN · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Saargummi Tn, Inc reported $31,517 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,187 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 0.51% to 0.64%. 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 Tennessee (1,060th of 1,496), and 11,112th of 13,661 in manufacturing. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has shrunk from 215 to 188 since 2022.

Plan summary
Net assets, end of year$5,180,459
Participants with balances140
Active participants188
Employer contributions$223,092
Employee contributions$323,173
Employer contribution per active participant$1,187
Average account balance$37,003
Benefits paid to participants$705,866
Plan auditUnmodified (clean) audit opinion
AuditorKENDRA G. MELNYK, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 140 accts · $223K emplr
2023$4.7M · 154 accts · $236K emplr
2022$4.0M · 165 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,517
Total administrative$31,517
The Saargummi Tn, Inc 401(k) match · 2024
Employer contribution per active participant$1,187
Median for plans this size$1,313
2024$1,187 per active participant
2023$1,030 per active participant
2022$1,209 per active participant

Saargummi Tn, Inc'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$31,517
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect 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$31,517 · 0.64%
2023$22,465 · 0.52%
2022$22,469 · 0.51%
Same employer
Similar plansManufacturing · Tennessee
Omega Plastics, LLC TN$5.8M · 0.13%
St. Clair Foods, Inc. TN$5.7M · 0.03%
Pml, Inc. TN$5.2M · 0.47%
Elos Medtech Onyx TN$5.1M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261565856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.