Plan Ledger DOL Form 5500 · updated monthly

T.Rad North America, Inc.401(k)

T.RAD NORTH AMERICA, INC. SAVINGS PLAN AND TRUST · HOPKINSVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

T.Rad North America, Inc. reported $124,704 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $846 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 0.62% to 0.78%. 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 344th-largest of 871 plans among Kentucky employers on file, and the 6,680th of 13,661 in manufacturing. In 2024, employees put in $2.69 for every $1.00 the employer contributed; active participation has shrunk from 710 to 603 since 2022.

Plan summary
Net assets, end of year$16,482,445
Participants with balances555
Active participants603
Employer contributions$510,177
Employee contributions$1,370,882
Employer contribution per active participant$846
Average account balance$29,698
Benefits paid to participants$2,751,446
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 555 accts · $510K emplr
2023$15.5M · 459 accts · $499K emplr
2022$13.7M · 596 accts · $651K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,565
Investment management$3,139
Total administrative$124,704
The T.Rad North America, Inc. 401(k) match · 2024
Employer contribution per active participant$846
Median for plans this size$2,416
2024$846 per active participant
2023$761 per active participant
2022$916 per active participant

T.Rad North America, 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$121,714

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$124,704 · 0.78%
2023$108,248 · 0.74%
2022$89,644 · 0.62%
Same employer
Similar plansManufacturing · Kentucky
Virtus Precision Tube LLC KY$17.2M · 0.07%
Enovapremier, LLC KY$17.2M · 0.59%
Pds Consultants, Inc. KY$16.9M · 0.66%
Wright Implement 1, LLC KY$16.9M · 0.42%
Derby Industries, LLC KY$16.3M · 0.12%
Algood Food Company KY$16.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611133164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.