Plan Ledger DOL Form 5500 · updated monthly

Technipaq, Inc.Profit-sharing plan

TECHNIPAQ, INC. 401(K) PROFIT SHARING PLAN · CRYSTAL LAKE, IL · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Technipaq, Inc. reported $52,474 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,656 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 0.12% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,749th of 3,702), and 10,294th of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,773,288
Participants with balances173
Active participants174
Employer contributions$288,198
Employee contributions$522,442
Employer contribution per active participant$1,656
Average account balance$39,152
Benefits paid to participants$647,415
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 173 accts · $288K emplr
2023$5.5M · 181 accts · $269K emplr
2022$4.3M · 182 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,474
Total administrative$52,474
Employer contributions to the Technipaq, Inc. plan · 2024
Employer contribution per active participant$1,656
Median for plans this size$1,313
2024$1,656 per active participant
2023$1,439 per active participant
2022$1,227 per active participant

Technipaq, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,284

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

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

Administrative cost history3
2024$52,474 · 0.85%
2023Not separately reported
2022$5,607 · 0.12%
Same employer
Similar plansManufacturing · Illinois
Donson Machine Co., Inc. IL$6.9M · 0.81%
Forest City Gear Company IL$6.8M · 0.77%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363304904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.