Plan Ledger DOL Form 5500 · updated monthly

Sharpline Converting, Inc.401(k)

SHARPLINE CONVERTING, INC. SALARY DEFERRAL 401(K) PLAN · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Sharpline Converting, Inc. reported $125,748 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $576 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 0.46% to 0.49%. 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 236th-largest of 828 plans among Kansas employers on file, and the 4,834th of 13,661 in manufacturing. In 2024, employees put in $6.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,217,468
Participants with balances201
Active participants260
Employer contributions$149,684
Employee contributions$926,709
Employer contribution per active participant$576
Average account balance$135,410
Benefits paid to participants$1,121,763
Plan auditUnmodified (clean) audit opinion
AuditorKOCH SIEDHOFF HAND & DUNN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 201 accts · $150K emplr
2023$24.0M · 218 accts · $146K emplr
2022$21.4M · 230 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,841
Investment management$60,907
Total administrative$125,748
The Sharpline Converting, Inc. 401(k) match · 2024
Employer contribution per active participant$576
Median for plans this size$2,416
2024$576 per active participant
2023$545 per active participant
2022$562 per active participant

Sharpline Converting, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
JOHN HANCOCK USA · Recordkeeping · Investment management$2,000
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants)$40,439
FRONTIER WEALTH MGT, LLC · Investment advisory (participants)$20,468

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$125,748 · 0.49%
2023$112,929 · 0.50%
2022$106,110 · 0.46%
Same employer
Similar plansManufacturing · Kansas
Airxcel,Inc. KS$29.0M · 0.00%
Tramec LLC KS$28.5M · 0.53%
Sor, Inc. KS$28.0M · 0.11%
Hme, Inc. KS$27.7M · 0.52%
Pioneer Balloon Company KS$26.2M · 0.35%
Salina Vortex Corp. KS$26.1M · 0.43%
Bunting Group, Inc. KS$23.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480838432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.