Plan Ledger DOL Form 5500 · updated monthly

Sepro Corporation401(k)

SEPRO CORPORATION 401(K) SAVINGS PLAN · CARMEL, IN · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Sepro Corporation reported $54,850 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $12,171 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 0.19% to 0.17%. 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 375th-largest of 1,562 plans among Indiana employers on file, and the 4,018th of 13,661 in manufacturing. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves; active participation has grown from 111 to 127 since 2022.

Plan summary
Net assets, end of year$35,222,871
Participants with balances180
Active participants127
Employer contributions$1,545,759
Employee contributions$1,512,484
Employer contribution per active participant$12,171
Average account balance$195,683
Benefits paid to participants$1,926,310
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.2M · 180 accts · $1.5M emplr
2023$28.3M · 161 accts · $1.4M emplr
2022$23.8M · 155 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,090
Investment management$52,760
Total administrative$54,850
The Sepro Corporation 401(k) match · 2024
Employer contribution per active participant$12,171
Median for plans this size$2,416
2024$12,171 per active participant
2023$12,045 per active participant
2022$10,567 per active participant

Sepro Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$52,760
ADP BROKER-DEALER · Other services$2,090

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$54,850 · 0.17%
2023$48,511 · 0.19%
2022$41,096 · 0.19%
Same employer
Similar plansManufacturing · Indiana
Autocar, LLC IN$37.4M · 0.31%
Indian Industries, Inc. IN$37.3M · 0.19%
American Beverage Marketers IN$36.4M · 0.34%
Micropulse, Inc. IN$35.8M · 0.45%
Materials Processing, Inc. IN$34.9M · 0.28%
Hasco - Smoker Craft, Inc. IN$34.8M · 0.03%
Central Wire, Inc. IN$34.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351902554 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.