Plan Ledger DOL Form 5500 · updated monthly

Stannah Stairlifts, Inc401(k)

STANNAH STAIRLIFTS, INC. 401K PLAN · FRANKLIN, MA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Stannah Stairlifts, Inc reported $22,162 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $2,755 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 0.02% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (2,213th of 2,726), and 10,524th of 13,661 in manufacturing. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has shrunk from 89 to 75 since 2022.

Plan summary
Net assets, end of year$6,296,791
Participants with balances112
Active participants75
Employer contributions$206,660
Employee contributions$294,084
Employer contribution per active participant$2,755
Average account balance$56,221
Benefits paid to participants$404,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 112 accts · $207K emplr
2023$5.6M · 124 accts · $215K emplr
2022$5.4M · 127 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,162
Audit (IQPA)$20,000
Total administrative$22,162
The Stannah Stairlifts, Inc 401(k) match · 2024
Employer contribution per active participant$2,755
Median for plans this size$1,313
2024$2,755 per active participant
2023$2,472 per active participant
2022$2,420 per active participant

Stannah Stairlifts, Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GRAY, GRAY & GRAY, LLP · Accounting / audit$20,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,162

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$22,162 · 0.37%
2023$21,765 · 0.39%
2022$1,369 · 0.02%
Similar plansManufacturing · Massachusetts
Aotco Metal Finishing LLC MA$6.6M · 0.07%
Superior Bindery, Inc. MA$6.6M · 0.10%
Flour Bakery & Cafe MA$6.5M · 0.12%
Gtr Manufacturing, LLC MA$6.4M · 0.59%
Lacerta Group, LLC MA$6.3M · 0.17%
Cardiofocus, Inc. MA$6.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043141946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.