The Prince & Izant Company401(k)
THE PRINCE & IZANT COMPANY PROFIT SHARING PLAN AND TRUST · CLEVELAND, OH · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
The Prince & Izant Company reported $72,392 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $14,410 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 0.13% to 0.24%. 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 920th-largest of 3,295 plans among Ohio employers on file, and the 4,259th of 13,661 in manufacturing. In 2024, the employer put in $2.55 for every $1.00 employees contributed themselves.
The Prince & Izant Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 340471740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.