Plan Ledger DOL Form 5500 · updated monthly

Systemair Mfg. Inc.401(k)

SYSTEMAIR MFG. INC. 401(K) PROFIT SHARING PLAN AND TRUST · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Systemair Mfg. Inc. reported $77,524 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,255 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 0.85% to 0.73%. 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 among the smaller plans on file in Kansas (459th of 828), and 8,223rd of 13,661 in manufacturing. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,384,421
Participants with balances166
Active participants144
Employer contributions$468,719
Employee contributions$713,002
Employer contribution per active participant$3,255
Average account balance$68,581
Benefits paid to participants$870,617
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 166 accts · $469K emplr
2023$9.8M · 173 accts · $485K emplr
2022$8.4M · 171 accts · $420K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,367
Investment management$45,157
Total administrative$77,524
The Systemair Mfg. Inc. 401(k) match · 2024
Employer contribution per active participant$3,255
Median for plans this size$2,416
2024$3,255 per active participant
2023$3,211 per active participant
2022$2,896 per active participant

Systemair Mfg. 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 · 20243
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$32,367
CREATIVE PLANNING. · Investment advisory (plan)$26,374
KOVACK ADVISORS, INC. · Investment advisory (plan)$18,782

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$77,524 · 0.73%
2023$74,883 · 0.82%
2022$77,731 · 0.85%
Similar plansManufacturing · Kansas
STEP2 Discovery LLC KS$11.6M · 0.06%
Polo Custom Products KS$11.5M · 0.40%
Galaxy Technology, Inc. KS$10.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592119591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.