Plan Ledger DOL Form 5500 · updated monthly

The Flexaust Company, Inc.401(k)

THE FLEXAUST/FLEXADUX 401K PROFIT SHARING PLAN · WARSAW, IN · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

The Flexaust Company, Inc. reported $127,219 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,043 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 0.66% 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 521st-largest of 1,562 plans among Indiana employers on file, and the 5,518th of 13,661 in manufacturing. In 2024, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,306,068
Participants with balances369
Active participants316
Employer contributions$645,699
Employee contributions$766,153
Employer contribution per active participant$2,043
Average account balance$60,450
Benefits paid to participants$914,327
Plan auditUnmodified (clean) audit opinion
AuditorBADEN, GAGE & SCHROEDER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 369 accts · $646K emplr
2023$19.3M · 265 accts · $690K emplr
2022$16.9M · 272 accts · $648K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,241
Investment management$66,978
Total administrative$127,219
The The Flexaust Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,043
Median for plans this size$2,416
2024$2,043 per active participant
2023$2,322 per active participant
2022$1,866 per active participant

The Flexaust Company, Inc.'s 2024 employer contribution ran below 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
ASCENSUS LLC · Contract administrator · Recordkeeping$36,760
SYM FINANCIAL CORPORATION · Investment advisory (participants) · Investment advisory (plan)$45,021
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$43,898

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$127,219 · 0.61%
2023$154,140 · 0.85%
2022$118,477 · 0.66%
Same employer
Similar plansManufacturing · Indiana
Tube Processing Corp. IN$21.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351950597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.