Plan Ledger DOL Form 5500 · updated monthly

Time Manufacturing Company401(k)

TIME MANUFACTURING COMPANY 401(K) PLAN · WACO, TX · plan year 2024

Reported admin expense ratio · 2024
1.19%

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

Time Manufacturing Company reported $376,994 in plan administrative expenses for 2024: 1.19% of average plan assets, higher than ~90% of peers. Employer contributions averaged $914 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 1.13% to 1.19%. 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 1,431st-largest of 5,688 plans among Texas employers on file, and the 4,175th of 13,661 in manufacturing. In 2024, employees put in $5.07 for every $1.00 the employer contributed; active participation has shrunk from 943 to 831 since 2022.

Plan summary
Net assets, end of year$33,206,623
Participants with balances1,015
Active participants831
Employer contributions$759,823
Employee contributions$3,853,671
Employer contribution per active participant$914
Average account balance$32,716
Benefits paid to participants$4,977,181
Plan auditUnmodified (clean) audit opinion
AuditorJAYNES REITMEIER BOYD & THERRELL PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 1,015 accts · $760K emplr
2023$30.3M · 966 accts · $736K emplr
2022$26.6M · 916 accts · $665K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$201,119
Investment management$175,875
Total administrative$376,994
The Time Manufacturing Company 401(k) match · 2024
Employer contribution per active participant$914
Median for plans this size$2,416
2024$914 per active participant
2023$786 per active participant
2022$705 per active participant

Time Manufacturing Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20246
NATIONWIDE FINANCIAL · Recordkeeping$84,366
INWEST RETIREMENT SOLUTIONS · Recordkeeping$47,716
PROACCOUNT · Investment advisory (participants)$69,037
IRON FIDUCIARY$12,922
FIDUCIARY WISE · Plan administrator$11,000
AMERIPRISE FINANCIAL SERVICESindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024INWEST RETIREMENT SOLUTIONS, Nationwide
2023INWEST RETIREMENT SOLUTIONS

This plan has changed recordkeepers within these filings. If you left Time Manufacturing Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$376,994 · 1.19%
2023$346,358 · 1.22%
2022$320,354 · 1.13%
Same employer
Similar plansManufacturing · Texas
The Modern Group, LTD. TX$34.1M · 0.73%
Altivia Petrochemicals, LLC TX$33.7M · 0.33%
Satake USA, Inc. TX$33.5M · 0.08%
Venator TX$33.2M · 0.07%
Transworld Oil U.S.A., Inc. TX$33.2M · 0.11%
The Flexitallic Group, Inc. TX$32.5M · 0.01%
Kent Moore Cabinets, LTD. TX$32.3M · 0.26%
Atec, Inc. TX$32.2M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741609717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.