Plan Ledger DOL Form 5500 · updated monthly

Schirm USA Inc.401(k)

SCHIRM USA, INC. 401K PROFIT SHARING PLAN · ENNIS, TX · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Schirm USA Inc. reported $20,484 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $880 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 0.64% to 0.53%. 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 Texas (4,298th of 5,688), and 11,713th of 13,661 in manufacturing. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 154 to 222 since 2022.

Plan summary
Net assets, end of year$4,042,124
Participants with balances130
Active participants222
Employer contributions$195,302
Employee contributions$315,077
Employer contribution per active participant$880
Average account balance$31,093
Benefits paid to participants$568,691
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 130 accts · $195K emplr
2023$3.7M · 167 accts · $166K emplr
2022$2.9M · 159 accts · $134K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,519
Investment management$10,965
Total administrative$20,484
The Schirm USA Inc. 401(k) match · 2024
Employer contribution per active participant$880
Median for plans this size$1,313
2024$880 per active participant
2023$773 per active participant
2022$870 per active participant

Schirm USA Inc.'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 · 20243
IMA ADVISORY SERVICES INC · Investment advisory (plan)$10,965
EMPOWER ADVISORY GROUP, LLC · Investment managementindirect 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$20,484 · 0.53%
2023$19,819 · 0.59%
2022$21,857 · 0.64%
Same employer
Similar plansManufacturing · Texas
Parker Products LLC TX$4.2M · 0.09%
Dfw Plastics, Inc. TX$4.1M · 0.88%
Asi Sign Systems, Inc. TX$4.1M · 0.07%
Nt Window, Inc. TX$4.0M · 0.09%
Billmyr Enterprises Inc. TX$3.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752595474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.