Plan Ledger DOL Form 5500 · updated monthly

Sterman Masser, Inc.401(k)

STERMAN MASSER, INC. 401(K) PLAN · SACRAMENTO, PA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Sterman Masser, Inc. reported $75,357 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $996 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 0.58% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Pennsylvania (1,989th of 3,651), and the 372nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 343 to 444 since 2022.

Plan summary
Net assets, end of year$13,355,727
Participants with balances269
Active participants444
Employer contributions$442,123
Employee contributions$936,288
Employer contribution per active participant$996
Average account balance$49,650
Benefits paid to participants$1,181,411
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 269 accts · $442K emplr
2023$11.4M · 216 accts · $880K emplr
2022$9.1M · 217 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,374
Investment management$41,827
Audit (IQPA)$9,156
Total administrative$75,357
The Sterman Masser, Inc. 401(k) match · 2024
Employer contribution per active participant$996
Median for plans this size$2,416
2024$996 per active participant
2023$2,451 per active participant
2022$1,082 per active participant

Sterman Masser, Inc.'s 2024 employer contribution ran below the $2,416 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.

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
LPL FINANCIAL LLC · Investment advisory (plan)$35,908
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$24,374
RKL LLP · Accounting / audit$9,156
LEAF HOUSE FINANCIAL ADVISORS · Investment advisory (participants) · Investment advisory (plan)$5,004

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$75,357 · 0.61%
2023$62,656 · 0.61%
2022$54,004 · 0.58%
Same employer
Similar plansAgriculture, Forestry & Fishing · Pennsylvania
Premier Select Sires, Inc. PA$21.0M · 0.25%
Kaolin Mushroom Farms, Inc. PA$18.2M · 0.65%
Ardent Federal Credit Union PA$14.4M · 0.27%
Agrofresh Inc. PA$12.3M · 0.02%
Rice Fruit Company PA$8.8M · 0.00%
Esbenshade, Inc. PA$8.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231726207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.