Plan Ledger DOL Form 5500 · updated monthly

Trm Innovative Hearth Products401(k)

TRM INNOVATIVE HEARTH PRODUCTS 401(K) PLAN · RUSSELLVILLE, AL · plan year 2025

Reported admin expense ratio · 2025
0.19%

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

Trm Innovative Hearth Products reported $21,544 in plan administrative expenses for 2025: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,010 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 0.28% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 432nd-largest of 902 plans among Alabama employers on file, and 8,222nd of 13,661 in manufacturing. In 2025, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,393,042
Participants with balances308
Active participants236
Employer contributions$474,318
Employee contributions$715,344
Employer contribution per active participant$2,010
Average account balance$36,990
Benefits paid to participants$2,213,009
Plan auditUnmodified (clean) audit opinion
AuditorD.K. WEISS, HOLT & ASSOCIATES, PLLC
Plan history3
Yearassets · accounts · employer contribution
2025$11.4M · 308 accts · $474K emplr
2024$11.1M · 291 accts · $437K emplr
2023$10.4M · 352 accts · $542K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$21,544
Total administrative$21,544
The Trm Innovative Hearth Products 401(k) match · 2025
Employer contribution per active participant$2,010
Median for plans this size$2,666
2025$2,010 per active participant
2024$1,986 per active participant
2023$2,084 per active participant

Trm Innovative Hearth Products's 2025 employer contribution ran below the $2,666 median for plans its size. 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,544
STRATEGIES WEALTH ADVISORS · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2025$21,544 · 0.19%
2024$20,245 · 0.19%
2023$30,262 · 0.28%
Same employer
Similar plansManufacturing · Alabama
Kykenkee AL$11.8M · 0.80%
Steward Machine Co., Inc. AL$11.6M · 0.03%
Big Springs, Inc. AL$11.4M · 0.54%
Beyond Gravity USA, Inc. AL$11.2M · 0.11%
Nextek, Inc. AL$11.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921461302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.