Plan Ledger DOL Form 5500 · updated monthly

Schenck USA Corp.401(k)

SCHENCK USA SAVINGS AND INVESTMENT PLAN · DEER PARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Schenck USA Corp. reported $44,046 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,303 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 0.118%. 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 1,627th-largest of 5,648 plans among New York employers on file, and the 3,758th of 13,661 in manufacturing. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,962,576
Participants with balances229
Active participants153
Employer contributions$505,364
Employee contributions$1,590,684
Employer contribution per active participant$3,303
Average account balance$170,142
Benefits paid to participants$4,249,989
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.0M · 229 accts · $505K emplr
2023$35.9M · 230 accts · $501K emplr
2022$29.4M · 223 accts · $476K emplr
Administrative expenses, itemized · 2024
Investment management$44,046
Total administrative$44,046
The Schenck USA Corp. 401(k) match · 2024
Employer contribution per active participant$3,303
Median for plans this size$2,416
2024$3,303 per active participant
2023$3,173 per active participant
2022$3,068 per active participant

Schenck USA Corp.'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
LPL FINANCIAL · Investment advisory (plan)$44,046

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$44,046 · 0.12%
2023$33,708 · 0.10%
2022$37,962 · 0.12%
Similar plansManufacturing · New York
Teamsters Local No. 264 NY$39.7M · 0.47%
Domino Foods, Inc. NY$39.7M · 0.07%
L.N.K. International, Inc. NY$39.4M · 0.55%
Tonoga , Inc. NY$38.7M · 0.17%
Hannay Reels, Inc. NY$38.4M · 0.16%
Sabin Metal Corporation NY$38.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113474354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.