Plan Ledger DOL Form 5500 · updated monthly

Toledo Engineering Co., Inc.Profit-sharing plan

INTERTEC EMPLOYEES' PROFIT SHARING AND SAVINGS PLAN AND TRUST · TOLEDO, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Toledo Engineering Co., Inc. reported $75,613 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $13,188 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 0.29% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,026th-largest of 3,295 plans among Ohio employers on file, and the 1,605th of 5,337 in construction.

Plan summary
Net assets, end of year$28,028,137
Participants with balances194
Active participants142
Employer contributions$1,872,641
Employee contributions$0
Employer contribution per active participant$13,188
Average account balance$144,475
Benefits paid to participants$3,931,176
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 194 accts · $1.9M emplr
2023$27.9M · 208 accts · $682K emplr
2022$26.3M · 196 accts · $614K emplr
Administrative expenses, itemized · 2024
Investment management$75,613
Total administrative$75,613
Employer contributions to the Toledo Engineering Co., Inc. plan · 2024
Employer contribution per active participant$13,188
Median for plans this size$2,416
2024$13,188 per active participant
2023$4,705 per active participant
2022$4,291 per active participant

Toledo Engineering Co., Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$78,172
FIFTH THIRD BANK · Investment advisory (plan)$30,067

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$75,613 · 0.27%
2023$71,259 · 0.26%
2022$82,282 · 0.29%
Same employer
Similar plansConstruction · Ohio
Shook Construction Co. OH$29.2M · 0.20%
Stevens Painton Corporation OH$27.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344375060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.