Plan Ledger DOL Form 5500 · updated monthly

Titanx Engine Cooling, Inc401(k)

TITANX ENGINE COOLING, INC 401(K) PLAN · JAMESTOWN, NY · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Titanx Engine Cooling, Inc reported $31,087 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,316 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 fell from 0.11% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,934th-largest of 5,648 plans among New York employers on file, and the 4,431st of 13,661 in manufacturing. In 2023, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,543,717
Participants with balances234
Active participants241
Employer contributions$317,264
Employee contributions$913,071
Employer contribution per active participant$1,316
Average account balance$130,529
Benefits paid to participants$3,487,183
Plan auditUnmodified (clean) audit opinion
AuditorJOHN S. TRUSSALO, CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$30.0M · 216 accts · $265K emplr
2023$30.5M · 234 accts · $317K emplr
2022$27.6M · 214 accts · $298K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,684
Investment management$28,403
Total administrative$31,087
The Titanx Engine Cooling, Inc 401(k) match · 2023
Employer contribution per active participant$1,316
Median for plans this size$2,440
2024$1,031 per active participant
2023$1,316 per active participant
2022$1,120 per active participant

Titanx Engine Cooling, Inc's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$28,403
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,684

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$28,762 · 0.09%
2023$31,087 · 0.11%
2022$34,707 · 0.11%
Same employer
Similar plansManufacturing · New York
Marquardt Switches, Inc. NY$31.7M · 0.29%
Monaghan Medical Corp. NY$29.9M · 0.21%
Wac Lighting NY$29.6M · 0.43%
Beech-Nut Nutrition Company NY$29.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261260408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.