Plan Ledger DOL Form 5500 · updated monthly

Shin-Etsu Silicones of America, Inc.401(k)

SHIN-ETSU 401(K) RETIREMENT SAVINGS PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Shin-Etsu Silicones of America, Inc. reported $103,796 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,937 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 0.19% to 0.30%. 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 835th-largest of 3,295 plans among Ohio employers on file, and the 3,896th of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,935,511
Participants with balances282
Active participants277
Employer contributions$813,492
Employee contributions$1,477,601
Employer contribution per active participant$2,937
Average account balance$130,977
Benefits paid to participants$1,959,955
Plan auditUnmodified (clean) audit opinion
AuditorBOBER, MARKEY, FEDOROVICH & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$36.9M · 282 accts · $813K emplr
2023$32.2M · 245 accts · $801K emplr
2022$27.7M · 216 accts · $780K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,796
Total administrative$103,796
The Shin-Etsu Silicones of America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,937
Median for plans this size$2,416
2024$2,937 per active participant
2023$3,192 per active participant
2022$2,978 per active participant

Shin-Etsu Silicones of America, Inc.'s 2024 employer contribution ran above 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 · 20244
LPL FINANCIAL - RP · Investment advisory (plan)$31,026
STRATOS WEALTH PARTNERS LLC · Investment advisory (plan)$19,780
CBIZ BENEFITS & INS SERVICES INC$750

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

Administrative cost history3
2024$103,796 · 0.30%
2023$85,610 · 0.29%
2022$57,698 · 0.19%
Same employer
Similar plansManufacturing · Ohio
Butech, Inc. OH$37.8M · 0.19%
Lion Group, Inc. OH$37.3M · 0.21%
Fram Group Operations LLC OH$37.2M · 0.44%
Mack Industries, Inc. OH$36.8M · 0.39%
Baxters North America, Inc. OH$36.6M · 0.54%
Q-Lab Corporation OH$36.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954015700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.