Plan Ledger DOL Form 5500 · updated monthly

Thk Manufacturing of America, Inc.401(k)

THK MANUFACTURING OF AMERICA, INC. 401(K) RETIREMENT PLAN AND TRUST · HEBRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Thk Manufacturing of America, Inc. reported $65,354 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,621 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 0.26% to 0.58%. 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 Ohio (1,790th of 3,295), and 7,909th of 13,661 in manufacturing. In 2024, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,372,836
Participants with balances399
Active participants375
Employer contributions$607,877
Employee contributions$865,231
Employer contribution per active participant$1,621
Average account balance$31,010
Benefits paid to participants$1,048,855
Plan auditUnmodified (clean) audit opinion
AuditorWILSON, SHANNON & SNOW, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 399 accts · $608K emplr
2023$10.3M · 383 accts · $569K emplr
2022$8.6M · 383 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,975
Investment management$22,379
Total administrative$65,354
The Thk Manufacturing of America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,621
Median for plans this size$2,416
2024$1,621 per active participant
2023$1,616 per active participant
2022$1,549 per active participant

Thk Manufacturing of America, Inc.'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
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$16,156
EMPOWER ADVISORY GROUP, LLC · Investment management$6,223

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$65,354 · 0.58%
2023$38,670 · 0.41%
2022$22,936 · 0.26%
Same employer
Similar plansManufacturing · Ohio
Glunt Industries, Inc. OH$12.5M · 0.30%
The Apex Paper Box Company OH$12.5M · 0.11%
Kost USA, LLC OH$12.4M · 0.35%
Engineered Profiles LLC OH$12.4M · 0.16%
Ace Sanitary Holdings Inc OH$12.4M · 1.17%
Skilled Care Pharmacy, Inc. OH$12.3M · 0.49%
Anchor Tool & Die Company OH$12.3M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311553179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.