Plan Ledger DOL Form 5500 · updated monthly

Select Industries Corp.401(k)

SELECT INDUSTRIES CORP. 401(K) RETIREMENT SAVINGS PLAN · DAYTON, OH · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

Select Industries Corp. reported $25,692 in plan administrative expenses for 2023: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,213 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 0.36% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,450th of 3,295), and 10,833rd of 13,661 in manufacturing. In 2023, employees put in $2.42 for every $1.00 the employer contributed; active participation has shrunk from 96 to 82 since 2022.

Plan summary
Net assets, end of year$5,738,947
Participants with balances132
Active participants82
Employer contributions$99,434
Employee contributions$240,660
Employer contribution per active participant$1,213
Average account balance$43,477
Benefits paid to participants$446,597
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 94 accts · $73K emplr
2023$5.7M · 132 accts · $99K emplr
2022$5.0M · 127 accts · $88K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,686
Investment management$21,006
Total administrative$25,692
The Select Industries Corp. 401(k) match · 2023
Employer contribution per active participant$1,213
Median for plans this size$1,308
2024$773 per active participant
2023$1,213 per active participant
2022$917 per active participant

Select Industries Corp.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$15,534
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$5,470
ADP, INC. · Loan processing · Recordkeeping$4,686
ADP BROKER-DEALER · Other servicesindirect 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, Bank of America / Merrill
2023ADP, Bank of America / Merrill, Morgan Stanley

This plan has changed recordkeepers within these filings. If you left Select Industries Corp. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,881 · 0.43%
2023$25,692 · 0.48%
2022$21,052 · 0.36%
Same employer
Similar plansManufacturing · Ohio
Ken Forging, Inc. OH$5.9M · 0.06%
Agrinomix, LLC OH$5.8M · 0.63%
Cutting Dynamics, Inc. OH$5.6M · 0.61%
Findaway World, LLC OH$5.5M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203801553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.