Plan Ledger DOL Form 5500 · updated monthly

Schunk of North America, Inc.401(k)

SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN · MENOMONEE FALLS, WI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Schunk of North America, Inc. reported $64,614 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,732 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 rose from 0.30% to 0.32%. 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 815th-largest of 1,936 plans among Wisconsin employers on file, and the 5,622nd of 13,661 in manufacturing. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 174 to 234 since 2022.

Plan summary
Net assets, end of year$21,720,550
Participants with balances305
Active participants234
Employer contributions$639,204
Employee contributions$1,533,787
Employer contribution per active participant$2,732
Average account balance$71,215
Benefits paid to participants$1,895,045
Plan auditUnmodified (clean) audit opinion
AuditorREILLY PENNER & BENTON
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 305 accts · $639K emplr
2023$19.1M · 284 accts · $572K emplr
2022$15.8M · 231 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,151
Investment management$30,463
Total administrative$64,614
The Schunk of North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,732
Median for plans this size$2,416
2024$2,732 per active participant
2023$2,649 per active participant
2022$2,534 per active participant

Schunk of North America, 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$34,151
PCA INVESTMENT ADVISORY SERVICES, I · Recordkeeping · Trustee$30,462
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, PCA INVESTMENT ADVISORY SERVICES, I
2023ADP, PCA INVESTMENT ADVISORY SERVICES, I

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Administrative cost history3
2024$64,614 · 0.32%
2023$56,159 · 0.32%
2022$51,485 · 0.30%
Same employer
Similar plansManufacturing · Wisconsin
Helgesen Industries, Inc. WI$22.1M · 0.48%
D & S Machine Service, Inc. WI$21.8M · 0.12%
Jarp Industries, Inc. WI$21.5M · 0.33%
Kdv Label, LLC WI$21.5M · 0.30%
McMillan Electric Company WI$21.4M · 0.04%
Kewaunee Fabrications LLC WI$21.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132968625 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.