Plan Ledger DOL Form 5500 · updated monthly

Sheldon Manufacturing, Inc.401(k)

SHELDON MANUFACTURING, INC. 401(K) PLAN AND TRUST · CORNELIUS, OR · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Sheldon Manufacturing, Inc. reported $4,803 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,034 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 0.06% to 0.05%. 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 among the smaller plans on file in Oregon (535th of 1,021), and 8,510th of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 131 to 98 since 2022.

Plan summary
Net assets, end of year$10,653,486
Participants with balances106
Active participants98
Employer contributions$199,347
Employee contributions$390,648
Employer contribution per active participant$2,034
Average account balance$100,505
Benefits paid to participants$755,340
Plan auditUnmodified (clean) audit opinion
AuditorVAN BEEK & CO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 106 accts · $199K emplr
2023$9.4M · 119 accts · $196K emplr
2022$8.5M · 125 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,803
Total administrative$4,803
The Sheldon Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$2,034
Median for plans this size$2,416
2024$2,034 per active participant
2023$1,852 per active participant
2022$1,648 per active participant

Sheldon Manufacturing, Inc.'s 2024 employer contribution ran below 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$58,465

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$4,803 · 0.05%
2023$4,785 · 0.05%
2022$6,011 · 0.06%
Similar plansManufacturing · Oregon
Meduri Farms, Inc. OR$10.7M · 0.88%
Phoseon Technology Inc. OR$10.7M · 0.27%
Lanz Cabinet Shop, Inc. OR$10.6M · 0.84%
Routeware, Inc. OR$10.6M · 0.12%
Blazer Industries, Inc. OR$10.5M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930581180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.