Plan Ledger DOL Form 5500 · updated monthly

Samtec, Inc.401(k)

SAMTEC, INCORPORATED RETIREMENT PLAN · NEW ALBANY, IN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Samtec, Inc. reported $35,361 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,290 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 0.006%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 30th-largest of 1,562 plans among Indiana employers on file, and the 512th of 13,661 in manufacturing. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$583,186,090
Participants with balances2,616
Active participants1,940
Employer contributions$21,903,558
Employee contributions$16,190,979
Employer contribution per active participant$11,290
Average account balance$222,930
Benefits paid to participants$44,908,068
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SHINE & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$583.2M · 2,616 accts · $21.9M emplr
2023$512.0M · 2,589 accts · $23.4M emplr
2022$416.3M · 2,684 accts · $21.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,361
Total administrative$35,361
The Samtec, Inc. 401(k) match · 2024
Employer contribution per active participant$11,290
Median for plans this size$4,294
2024$11,290 per active participant
2023$11,697 per active participant
2022$10,470 per active participant

Samtec, Inc.'s 2024 employer contribution ran above the $4,294 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
ADP, INC. · Loan processing · Recordkeeping$35,257
CHARLES SCHWAB & CO, INC. · Securities brokerage$114
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$35,361 · 0.01%
2023$39,947 · 0.01%
2022$28,108 · 0.01%
Same employer
Similar plansManufacturing · Indiana
Schlage Lock Company LLC IN$976.1M · 0.06%
Asphalt Materials, Inc. IN$665.4M · 0.04%
Meritor, Inc. IN$612.9M · 0.03%
Ardagh Glass Inc. IN$431.7M · 0.02%
Allison Transmission, Inc. IN$395.8M · 0.02%
Kimball International, Inc. IN$394.6M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 351399589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.