Plan Ledger DOL Form 5500 · updated monthly

Sterling Products, Inc.401(k)

STERLING PRODUCTS, INC. 401(K) SAVINGS AND RETIREMENT PLAN · NEW BERLIN, WI · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Sterling Products, Inc. reported $144,823 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,863 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 0.40% to 0.37%. 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 486th-largest of 1,936 plans among Wisconsin employers on file, and the 3,633rd of 13,661 in manufacturing. In 2024, employees put in $3.64 for every $1.00 the employer contributed; active participation has shrunk from 329 to 274 since 2022.

Plan summary
Net assets, end of year$40,669,885
Participants with balances478
Active participants274
Employer contributions$510,439
Employee contributions$1,859,794
Employer contribution per active participant$1,863
Average account balance$85,083
Benefits paid to participants$5,052,770
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.7M · 478 accts · $510K emplr
2023$38.3M · 504 accts · $573K emplr
2022$35.2M · 523 accts · $613K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,496
Investment management$70,327
Audit (IQPA)$10,000
Total administrative$144,823
The Sterling Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,863
Median for plans this size$2,416
2024$1,863 per active participant
2023$2,026 per active participant
2022$1,862 per active participant

Sterling Products, 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 · 20244
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Loan processing$64,496
UBS FINANCIAL SERVICES · Investment management$70,327
WIPFLI, LLP · Accounting / audit$10,000
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$144,823 · 0.37%
2023$148,690 · 0.40%
2022$155,393 · 0.40%
Similar plansManufacturing · Wisconsin
Nord Gear Corporation WI$42.2M · 0.35%
Sti Holdings, Inc. WI$41.8M · 0.45%
Sartori Company WI$40.7M · 0.31%
Team Industries, Inc. WI$40.5M · 0.24%
Fisher-Barton Inc. WI$40.0M · 0.45%
Sussex Im, Inc. WI$39.5M · 0.17%
Merrill Iron & Steel, Inc. WI$39.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133446488 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.