Plan Ledger DOL Form 5500 · updated monthly

The Freeman Manufacturing & Supply Company401(k)

FREEMAN MANUFACTURING & SUPPLY COMPANY EMPLOYEE CAPITAL ACCUMULATION PLAN · AVON, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

The Freeman Manufacturing & Supply Company reported $34,649 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,409 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 1 year on file its reported administrative ratio rose from 0.15% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Ohio (1,938th of 3,295), and 2,832nd of 4,246 in wholesale trade. In 2024, employees put in $2.59 for every $1.00 the employer contributed; active participation has grown from 124 to 163 since 2022.

Plan summary
Net assets, end of year$10,645,791
Participants with balances169
Active participants163
Employer contributions$229,624
Employee contributions$594,276
Employer contribution per active participant$1,409
Average account balance$62,993
Benefits paid to participants$1,548,920
Plan auditUnmodified (clean) audit opinion
AuditorPEASE BELL CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 169 accts · $230K emplr
2023$10.2M · 156 accts · $184K emplr
2022$8.8M · 146 accts · $176K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,273
Investment management$15,376
Total administrative$34,649
The The Freeman Manufacturing & Supply Company 401(k) match · 2024
Employer contribution per active participant$1,409
Median for plans this size$2,416
2024$1,409 per active participant
2023$1,401 per active participant
2022$1,418 per active participant

The Freeman Manufacturing & Supply Company'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,273
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$15,376

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$34,649 · 0.33%
2023$13,937 · 0.15%
2022Not separately reported
Similar plansWholesale Trade · Ohio
Basco Manufacturing Company OH$10.9M · 0.63%
Young Truck Sales, Inc OH$10.9M · 0.52%
Media Source, Inc. OH$10.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344237710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.