Plan Ledger DOL Form 5500 · updated monthly

Showa Best Glove, Inc401(k)

SHOWA BEST GLOVE, INC 401(K) PLAN · MENLO, GA · plan year 2022

Reported admin expense ratio · 2022
0.01%

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

Showa Best Glove, Inc reported $850 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $763 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 0.005% to 0.006%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,093rd of 2,160), and 7,780th of 13,661 in manufacturing. In 2022, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,809,618
Participants with balances257
Active participants306
Employer contributions$233,465
Employee contributions$698,001
Employer contribution per active participant$763
Average account balance$49,843
Benefits paid to participants$3,124,016
Plan auditUnmodified (clean) audit opinion
AuditorREAD, MARTIN & SLICKMAN, CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 183 accts · $155K emplr
2023$12.4M · 234 accts · $207K emplr
2022$12.8M · 257 accts · $233K emplr
The Showa Best Glove, Inc 401(k) match · 2022
Employer contribution per active participant$763
Median for plans this size$2,266
2024$1,069 per active participant
2023$1,492 per active participant
2022$763 per active participant

Showa Best Glove, Inc's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$775 · 0.01%
2023$475 · 0.00%
2022$850 · 0.01%
Same employer
Similar plansManufacturing · Georgia
Hansgrohe, Inc. GA$13.5M · 0.35%
Doehler North America, Inc. GA$12.9M · 0.33%
Lummus Corporation GA$12.9M · 0.26%
The Concrete Company GA$12.8M · 0.08%
E.G.O North America, Inc. GA$12.6M · 0.72%
Possiblenow, Inc. GA$12.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260802920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.