Plan Ledger DOL Form 5500 · updated monthly

The Nudyne Group401(k)

THE NUDYNE GROUP 401(K) PROFIT SHARING PLAN · STRATFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

The Nudyne Group reported $107,023 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,612 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 0.72% to 0.79%. 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 Connecticut (636th of 1,106), and 7,101st of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 168 to 240 since 2022.

Plan summary
Net assets, end of year$14,974,388
Participants with balances214
Active participants240
Employer contributions$386,893
Employee contributions$734,572
Employer contribution per active participant$1,612
Average account balance$69,974
Benefits paid to participants$687,490
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 214 accts · $387K emplr
2023$12.0M · 199 accts · $336K emplr
2022$10.2M · 177 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,023
Total administrative$107,023
The The Nudyne Group 401(k) match · 2024
Employer contribution per active participant$1,612
Median for plans this size$2,416
2024$1,612 per active participant
2023$1,568 per active participant
2022$1,756 per active participant

The Nudyne Group'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$103,885
MORGAN STANLEY GLOBAL BANKING OPERA · Investment management$27,765
ORENDA RETIREMENT, LLC · Other services · Contract administrator$3,145

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$107,023 · 0.79%
2023$97,276 · 0.88%
2022$77,135 · 0.72%
Similar plansManufacturing · Connecticut
Alpha Q, Inc. CT$16.0M · 0.11%
Turbine Controls, Inc. CT$15.5M · 0.23%
Unger Enterprises, LLC CT$15.3M · 0.03%
Vista Capital, LLC CT$14.3M · 0.58%
Shepard Steel Co., Inc. CT$14.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060332265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.