Plan Ledger DOL Form 5500 · updated monthly

Skygen USA401(k)

SKYGEN USA 401(K) PLAN · MENOMONEE FALLS, WI · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Skygen USA reported $115,006 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,890 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 0.29% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 350th-largest of 1,936 plans among Wisconsin employers on file, and the 1,419th of 4,798 in finance & insurance. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 689 to 759 since 2022.

Plan summary
Net assets, end of year$62,304,078
Participants with balances686
Active participants759
Employer contributions$2,193,401
Employee contributions$5,100,675
Employer contribution per active participant$2,890
Average account balance$90,822
Benefits paid to participants$4,010,783
Plan auditUnmodified (clean) audit opinion
AuditorSVA CERTIFIED PUBLIC ACOUNTANTS SC
Plan history3
Yearassets · accounts · employer contribution
2024$62.3M · 686 accts · $2.2M emplr
2023$51.6M · 664 accts · $2.0M emplr
2022$40.5M · 608 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,006
Total administrative$115,006
The Skygen USA 401(k) match · 2024
Employer contribution per active participant$2,890
Median for plans this size$3,635
2024$2,890 per active participant
2023$2,667 per active participant
2022$2,544 per active participant

Skygen USA's 2024 employer contribution ran below the $3,635 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$46,813
PPG RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$13,354
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$56,578

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

Recordkeeper by year2
2024PPG RETIREMENT PLAN SERVICES, Transamerica
2023Definiti, NATIONAL ADMINISTRATION, INC., PPG RETIREMENT PLAN SERVICES, Transamerica

This plan has changed recordkeepers within these filings. If you left Skygen USA before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$115,006 · 0.20%
2023$139,346 · 0.30%
2022$123,703 · 0.29%
Same employer
Similar plansFinance & Insurance · Wisconsin
Landmark Credit Union WI$65.5M · 0.24%
Waukesha State Bank WI$61.7M · 0.08%
Network Health, Inc. WI$54.2M · 0.17%
Connexus Credit Union WI$54.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810762694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.