Plan Ledger DOL Form 5500 · updated monthly

Savage Arms, Inc.401(k)

SAVAGE ARMS NON-UNION RETIREMENT PLAN · WESTFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Savage Arms, Inc. reported $25,701 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $3,700 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 0.187%. 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 among the smaller plans on file in Massachusetts (1,570th of 2,726), and 7,270th of 13,661 in manufacturing. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has shrunk from 136 to 119 since 2022.

Plan summary
Net assets, end of year$14,367,463
Participants with balances138
Active participants119
Employer contributions$440,289
Employee contributions$612,484
Employer contribution per active participant$3,700
Average account balance$104,112
Benefits paid to participants$1,452,392
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 138 accts · $440K emplr
2023$13.2M · 145 accts · $417K emplr
2022$10.9M · 159 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,701
Total administrative$25,701
The Savage Arms, Inc. 401(k) match · 2024
Employer contribution per active participant$3,700
Median for plans this size$2,416
2024$3,700 per active participant
2023$3,335 per active participant
2022$4,126 per active participant

Savage Arms, 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 · 20242
THE VANGUARD GROUP · Recordkeeping · Investment management$25,701
FUTUREPLAN (ASCENSUS) · Claims processing · Loan processingindirect 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
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$25,701 · 0.19%
2023$20,818 · 0.17%
2022$22,054 · 0.19%
All plans at this employer2
SAVAGE ARMS NON-UNION RETIREMENT PLAN401(k)
SAVAGE ARMS UNION RETIREMENT PLAN401(k)
Same employer
Similar plansManufacturing · Massachusetts
Berkshire Corporation MA$14.6M · 0.36%
Boston Centerless Inc. MA$14.5M · 0.27%
Zink Holdings LLC MA$14.3M · 0.03%
Checon, LLC MA$14.2M · 0.54%
Kate Farms, Inc. MA$14.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760246017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.