Plan Ledger DOL Form 5500 · updated monthly

Sk Tech, Inc.401(k)

SK TECH, INC. 401(K) PROFIT SHARING PLAN · CLAYTON, OH · plan year 2022

Employer contribution per participant · 2022
$7

Sk Tech, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $265,963 across 21 participant accounts, with employer contributions averaging $7 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (3,243rd of 3,295), and 13,553rd of 13,661 in manufacturing. In 2022, employees put in $41.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$265,963
Participants with balances21
Active participants110
Employer contributions$783
Employee contributions$32,150
Employer contribution per active participant$7
Average account balance$12,665
Benefits paid to participants$69,880
Plan auditUnmodified (clean) audit opinion
The Sk Tech, Inc. 401(k) match · 2022
Employer contribution per active participant$7
Median for plans this size$331

Sk Tech, Inc.'s 2022 employer contribution ran below the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 412034425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.