Plan Ledger DOL Form 5500 · updated monthly

Surface Combustion, Inc.401(k)

SURFACE COMBUSTION, INC. PROFIT SHARING/401(K) PLAN · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Surface Combustion, Inc. reported $128,932 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,738 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 0.47% to 0.61%. 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 1,257th-largest of 3,295 plans among Ohio employers on file, and the 5,669th of 13,661 in manufacturing. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 74 to 85 since 2022.

Plan summary
Net assets, end of year$21,412,667
Participants with balances125
Active participants85
Employer contributions$317,749
Employee contributions$511,733
Employer contribution per active participant$3,738
Average account balance$171,301
Benefits paid to participants$2,557,636
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 125 accts · $318K emplr
2023$21.1M · 131 accts · $210K emplr
2022$19.0M · 120 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,267
Investment management$82,665
Audit (IQPA)$18,000
Total administrative$128,932
The Surface Combustion, Inc. 401(k) match · 2024
Employer contribution per active participant$3,738
Median for plans this size$2,416
2024$3,738 per active participant
2023$2,628 per active participant
2022$2,636 per active participant

Surface Combustion, Inc.'s 2024 employer contribution ran above 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
EMPOWER ADVISORY GROUP, LLC · Investment management$61,268
FIFTH THIRD BANK · Investment advisory (plan)$21,397
WILLIAM VAUGHAN COMPANY · Accounting / audit$18,000

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$128,932 · 0.61%
2023$116,229 · 0.58%
2022$102,109 · 0.47%
Similar plansManufacturing · Ohio
Multi-Plastics, Inc. OH$22.3M · 0.57%
Angstrom Graphics, Inc. OH$21.9M · 0.44%
Webb-Stiles Company OH$21.2M · 0.26%
Cold Jet, LLC OH$21.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341568193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.