Storm Products, Inc.Profit-sharing plan
CHRISMAN EMPLOYEE BENEFIT PLAN · BRIGHAM CITY, UT · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Storm Products, Inc. reported $76,534 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,920 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 0.54% to 0.58%. 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 379th-largest of 848 plans among Utah employers on file, and 7,379th of 13,661 in manufacturing. active participation has shrunk from 255 to 200 since 2022.
Storm Products, Inc.'s 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 870426089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.