Plan Ledger DOL Form 5500 · updated monthly

Thermal Specialties LLC401(k)

THERMAL SPECIALTIES, LLC 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Thermal Specialties LLC reported $12,474 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,788 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 0.14% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Oklahoma (527th of 724), and 3,868th of 5,337 in construction. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 88 to 105 since 2022.

Plan summary
Net assets, end of year$5,569,076
Participants with balances128
Active participants105
Employer contributions$292,712
Employee contributions$506,197
Employer contribution per active participant$2,788
Average account balance$43,508
Benefits paid to participants$774,756
Plan auditUnmodified (clean) audit opinion
AuditorMORSE & CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 128 accts · $293K emplr
2023$4.9M · 143 accts · $270K emplr
2022$3.8M · 104 accts · $199K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,818
Investment management$1,401
Trustee / custodial$3,790
Total administrative$12,474
The Thermal Specialties LLC 401(k) match · 2024
Employer contribution per active participant$2,788
Median for plans this size$1,313
2024$2,788 per active participant
2023$2,778 per active participant
2022$2,258 per active participant

Thermal Specialties LLC's 2024 employer contribution ran above the $1,313 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.

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 · 20241
BOKF, NA · Custodial (securities) · Trustee$13,474

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$12,474 · 0.24%
2023$7,422 · 0.17%
2022$5,447 · 0.14%
Similar plansConstruction · Oklahoma
Marrs Electric LLC OK$7.5M · 0.04%
Cmswillowbrook, Inc. OK$6.9M · 0.01%
Action Safety Supply Co. OK$6.2M · 0.16%
Rudy Construction Company OK$5.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263472876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.