Plan Ledger DOL Form 5500 · updated monthly

The Shepherd Material Science Company401(k)

THE SHEPHERD 401(K) PLAN · NORWOOD, OH · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

The Shepherd Material Science Company reported $85,969 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,704 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 0.03% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 304th-largest of 3,295 plans among Ohio employers on file, and the 1,548th of 13,661 in manufacturing. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$132,069,812
Participants with balances690
Active participants524
Employer contributions$2,464,638
Employee contributions$3,696,342
Employer contribution per active participant$4,704
Average account balance$191,406
Benefits paid to participants$12,279,303
Plan auditUnmodified (clean) audit opinion
AuditorFLYNN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$132.1M · 690 accts · $2.5M emplr
2023$119.9M · 662 accts · $2.0M emplr
2022$104.7M · 670 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Investment management$30,400
Audit (IQPA)$18,400
Total administrative$85,969
The The Shepherd Material Science Company 401(k) match · 2024
Employer contribution per active participant$4,704
Median for plans this size$3,635
2024$4,704 per active participant
2023$4,078 per active participant
2022$4,617 per active participant

The Shepherd Material Science Company's 2024 employer contribution ran above the $3,635 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 · 20244
SAGEVIEW · Consulting$55,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$30,400
FLYNN & COMPANY · Accounting / audit$18,400
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$85,969 · 0.07%
2023$49,392 · 0.04%
2022$34,048 · 0.03%
Same employer
Similar plansManufacturing · Ohio
The Gorman-Rupp Company OH$137.0M · 0.12%
Prc-Saltillo OH$135.9M
Shearer's Foods, LLC OH$134.1M · 0.34%
Makino, Inc. OH$133.2M · 0.17%
Tasi Holdings, Inc. OH$131.5M · 0.11%
Oatey Co. OH$128.5M · 0.07%
Bwi North America, Inc. OH$126.2M · 0.01%
Geon Performance Solutions OH$115.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310989650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.