Plan Ledger DOL Form 5500 · updated monthly

Spectra Metal Sales, Inc.401(k)

SPECTRA METAL SALES, INC. 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Spectra Metal Sales, Inc. reported $53,040 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,801 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 0.28% to 0.41%. 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 1,063rd-largest of 2,160 plans among Georgia employers on file, and 7,487th of 13,661 in manufacturing. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has shrunk from 763 to 470 since 2022.

Plan summary
Net assets, end of year$13,697,494
Participants with balances858
Active participants470
Employer contributions$846,250
Employee contributions$1,593,949
Employer contribution per active participant$1,801
Average account balance$15,964
Benefits paid to participants$2,026,093
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 858 accts · $846K emplr
2023$12.0M · 752 accts · $706K emplr
2022$9.1M · 583 accts · $800K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,040
Total administrative$53,040
The Spectra Metal Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$1,801
Median for plans this size$2,416
2024$1,801 per active participant
2023$1,601 per active participant
2022$1,048 per active participant

Spectra Metal Sales, 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 · 20245
MY BENEFITS, LLC$6,387
TRIAD ADVISORS LLCindirect comp
MY BENEFITS, LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (plan)indirect comp

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$53,040 · 0.41%
2023$34,636 · 0.33%
2022$25,686 · 0.28%
Same employer
Similar plansManufacturing · Georgia
Vivex Biologics, Inc. GA$14.0M · 0.56%
Pangborn LLC GA$13.9M · 0.15%
Foley Products Company, LLC GA$13.7M · 0.00%
Apco Graphics, Inc. GA$13.7M · 0.26%
Zschimmer and Schwarz, Inc. GA$13.6M · 0.02%
Hansgrohe, Inc. GA$13.5M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592878371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.