Plan Ledger DOL Form 5500 · updated monthly

Saporito Finishing Company401(k)

SAPORITO FINISHING COMPANY 401(K) PLAN · CICERO, IL · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Saporito Finishing Company reported $59,618 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $836 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 0.78% to 0.69%. 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 Illinois (2,458th of 3,702), and 9,117th of 13,661 in manufacturing. In 2024, employees put in $6.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,263,534
Participants with balances123
Active participants116
Employer contributions$97,024
Employee contributions$629,051
Employer contribution per active participant$836
Average account balance$75,313
Benefits paid to participants$290,369
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 123 accts · $97K emplr
2023$8.1M · 124 accts · $90K emplr
2022$7.0M · 118 accts · $92K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,618
Total administrative$59,618
The Saporito Finishing Company 401(k) match · 2024
Employer contribution per active participant$836
Median for plans this size$1,313
2024$836 per active participant
2023$679 per active participant
2022$770 per active participant

Saporito Finishing Company'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$59,617
LPL FINANCIAL LLC - RPCP · 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$59,618 · 0.69%
2023$59,132 · 0.78%
2022$58,887 · 0.78%
Same employer
Similar plansManufacturing · Illinois
Big Bolt, LLC IL$9.3M · 0.24%
PNC, Inc. IL$9.3M · 0.50%
Sko-Die, Inc. IL$9.2M · 0.17%
Endotronix, Inc. IL$9.1M · 0.33%
Ruscorr, LLC IL$9.0M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362337562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.