Plan Ledger DOL Form 5500 · updated monthly

Salem Tube, Inc.401(k)

TUBACEX US HOLDING SALARIED RETIREMENT PLAN · GREENVILLE, PA · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Salem Tube, Inc. reported $25,903 in plan administrative expenses for 2022: 0.42% of average plan assets, below the peer median. Employer contributions averaged $1,027 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,784th of 3,651), and 10,832nd of 13,661 in manufacturing. In 2022, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,741,848
Participants with balances82
Active participants160
Employer contributions$164,245
Employee contributions$391,785
Employer contribution per active participant$1,027
Average account balance$70,023
Benefits paid to participants$191,894
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN YANAK & FORD, LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,268
Investment management$14,635
Total administrative$25,903
The Salem Tube, Inc. 401(k) match · 2022
Employer contribution per active participant$1,027
Median for plans this size$1,114

Salem Tube, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$25,903 · 0.42%
Same employer
Similar plansManufacturing · Pennsylvania
Aog LLC dba Trufood Mfg PA$5.8M · 0.91%
Accrotool Inc PA$5.8M · 0.62%
Verrica Pharmaceuticals PA$5.8M · 0.42%
Dobil Laboratories Inc PA$5.7M · 0.70%
Flagzone, LLC PA$5.6M · 0.45%
Cummings Lumber Co., Inc. PA$5.5M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251651664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.