Plan Ledger DOL Form 5500 · updated monthly

Salvagnini America, Inc.401(k)

SALVAGNINI AMERICA 401(K) PLAN · HAMILTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Salvagnini America, Inc. reported $2,847 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,583 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 fell from 0.16% to 0.02%. 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 the 1,586th-largest of 3,295 plans among Ohio employers on file, and 7,038th of 13,661 in manufacturing. In 2024, employees put in $2.52 for every $1.00 the employer contributed; active participation has grown from 112 to 150 since 2022.

Plan summary
Net assets, end of year$15,185,556
Participants with balances113
Active participants150
Employer contributions$387,523
Employee contributions$977,572
Employer contribution per active participant$2,583
Average account balance$134,385
Benefits paid to participants$1,056,103
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 113 accts · $388K emplr
2023$13.2M · 112 accts · $363K emplr
2022$11.4M · 107 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,847
Total administrative$2,847
The Salvagnini America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,583
Median for plans this size$2,416
2024$2,583 per active participant
2023$2,772 per active participant
2022$2,912 per active participant

Salvagnini America, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,847

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$2,847 · 0.02%
2023$1,933 · 0.02%
2022$20,125 · 0.16%
Same employer
Similar plansManufacturing · Ohio
Alfred Nickles Bakery, Inc. OH$15.6M · 0.43%
Cmc Group, Inc. OH$15.5M · 0.45%
Grote Enterprises, LLC OH$15.2M · 0.71%
Select Arc, Inc. OH$15.1M · 0.62%
Gvs Filtration, Inc. OH$15.1M · 0.20%
Fallsway Equipment Co. Inc. OH$14.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061132897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.