Plan Ledger DOL Form 5500 · updated monthly

Toyotetsu America, Inc.401(k)

TTAI 401(K) PLAN · SOMERSET, KY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Toyotetsu America, Inc. reported $242,206 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $912 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 0.34% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 94th-largest of 871 plans among Kentucky employers on file, and the 2,049th of 13,661 in manufacturing. In 2024, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$89,916,938
Participants with balances2,387
Active participants3,074
Employer contributions$2,803,456
Employee contributions$6,977,959
Employer contribution per active participant$912
Average account balance$37,669
Benefits paid to participants$6,397,707
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$89.9M · 2,387 accts · $2.8M emplr
2023$77.0M · 1,901 accts · $2.7M emplr
2022$66.4M · 4,429 accts · $2.6M emplr
The Toyotetsu America, Inc. 401(k) match · 2024
Employer contribution per active participant$912
Median for plans this size$3,635
2024$912 per active participant
2023$852 per active participant
2022$826 per active participant

Toyotetsu America, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
AMERICAN TRUST COMPANY · Contract administrator · Recordkeeping$188,548
KENTUCKY PLANNING PARTNERS, LLC · Investment advisory (plan)$93,811

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY
2023AMERICAN TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$242,206 · 0.29%
2023$282,359 · 0.39%
2022$236,521 · 0.34%
Same employer
Similar plansManufacturing · Kentucky
Perfetti van Melle USA Inc. KY$91.6M · 0.28%
Zeon Chemicals L. P. KY$91.0M · 0.07%
Inoac USA, Inc. KY$89.2M · 0.28%
Mubea, Inc. KY$87.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611290853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.