Plan Ledger DOL Form 5500 · updated monthly

Sessa Sheet Metal Contractors, Inc.ESOP

SESSA SHEET METAL CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BALTIMORE, MD · plan year 2022

Reported admin expense ratio · 2022
0.43%

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

Sessa Sheet Metal Contractors, Inc. reported $32,601 in plan administrative expenses for 2022: 0.43% of average plan assets, below the peer median. Employer contributions averaged $8,929 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 1 year on file its reported administrative ratio rose from 0.43% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (1,137th of 1,671), and 10,112th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$7,103,048
Participants with balances176
Active participants56
Employer contributions$500,000
Employee contributions—
Employer contribution per active participant$8,929
Average account balance$40,358
Benefits paid to participants$675,073
Plan auditUnmodified (clean) audit opinion
AuditorFRYE & COMPANY CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$6.4M · 172 accts · $300K emplr
2022$7.1M · 176 accts · $500K emplr
Administrative expenses, itemized · 2022
Professional / advisory$32,601
Total administrative$32,601
Employer contributions to the Sessa Sheet Metal Contractors, Inc. plan · 2022
Employer contribution per active participant$8,929
Median for plans this size$1,114
2023$5,556 per active participant
2022$8,929 per active participant

Sessa Sheet Metal Contractors, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$70,426 · 1.04%
2022$32,601 · 0.43%
Similar plansManufacturing · Maryland
Idt Biologika Corporation MD$8.5M · 0.49%
Elutia Inc. MD$8.2M · 1.02%
Corporate Press, Inc. MD$7.8M · 0.00%
Holly Poultry, Inc. MD$7.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521194972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.