Plan Ledger DOL Form 5500 · updated monthly

Torrington Distributors, Inc.401(k)

TORRINGTON DISTRIBUTORS, INC. 401(K) PLAN · TORRINGTON, CT · plan year 2022

Employer contribution per participant · 2022
$475

Torrington Distributors, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,479,043 across 84 participant accounts, with employer contributions averaging $475 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Connecticut (1,052nd of 1,106), and 13,067th of 13,661 in manufacturing. In 2022, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,479,043
Participants with balances84
Active participants106
Employer contributions$50,385
Employee contributions$109,829
Employer contribution per active participant$475
Average account balance$17,608
Benefits paid to participants$57,027
Plan auditUnmodified (clean) audit opinion
AuditorCHARLAND, MARCIANO & COMPANY, CPAS
The Torrington Distributors, Inc. 401(k) match · 2022
Employer contribution per active participant$475
Median for plans this size$1,114

Torrington Distributors, Inc.'s 2022 employer contribution ran below the $1,114 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 060947899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.