Plan Ledger DOL Form 5500 · updated monthly

Scott Industrial Systems, Inc.401(k)

SCOTT INDUSTRIAL SYSTEMS, INC PROFIT SHARING 401(K) PLAN · DAYTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Scott Industrial Systems, Inc. reported $44,542 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,694 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 0.22% to 0.20%. 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 1,183rd-largest of 3,295 plans among Ohio employers on file, and the 5,350th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 109 to 149 since 2022.

Plan summary
Net assets, end of year$23,500,902
Participants with balances118
Active participants149
Employer contributions$401,403
Employee contributions$876,501
Employer contribution per active participant$2,694
Average account balance$199,160
Benefits paid to participants$1,106,831
Plan auditDisclaimer of opinion
AuditorMONNIER & CO
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 118 accts · $401K emplr
2023$20.1M · 100 accts · $357K emplr
2022$17.2M · 100 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,860
Investment management$41,682
Total administrative$44,542
The Scott Industrial Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,694
Median for plans this size$2,416
2024$2,694 per active participant
2023$2,377 per active participant
2022$3,035 per active participant

Scott Industrial Systems, 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
ASCENSUS LLC · Loan processing · Recordkeeping$2,860
EVERHART ADVISORS · Investment advisory (plan)$41,682

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,542 · 0.20%
2023$41,484 · 0.22%
2022$40,908 · 0.22%
Similar plansManufacturing · Ohio
Field Aviation, Inc. OH$23.9M · 0.13%
Xaloy LLC OH$23.7M · 0.31%
Codonics, Inc. OH$23.7M · 0.27%
The STEP2 Company LLC OH$23.7M · 0.71%
Process Technology OH$23.4M · 0.23%
Willowwood Global, LLC OH$23.2M · 0.30%
Kirkwood Holding Inc. OH$23.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311190910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.