Plan Ledger DOL Form 5500 · updated monthly

Turning Technologies, LLC401(k)

TURNING TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Turning Technologies, LLC reported $32,192 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,241 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 0.23% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,339th-largest of 3,295 plans among Ohio employers on file, and the 1,041st of 2,199 in information & media. In 2024, employees put in $6.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,583,052
Participants with balances280
Active participants90
Employer contributions$111,694
Employee contributions$709,223
Employer contribution per active participant$1,241
Average account balance$69,939
Benefits paid to participants$2,828,835
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 280 accts · $112K emplr
2023$14.0M · 206 accts · $149K emplr
2022$13.6M · 248 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,046
Investment management$9,146
Total administrative$32,192
The Turning Technologies, LLC 401(k) match · 2024
Employer contribution per active participant$1,241
Median for plans this size$2,416
2024$1,241 per active participant
2023$2,230 per active participant
2022$1,376 per active participant

Turning Technologies, LLC's 2024 employer contribution ran below the $2,416 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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$23,046
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$9,146

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$32,192 · 0.19%
2023$31,981 · 0.23%
2022$25,563 · 0.23%
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Source: U.S. Department of Labor, Form 5500 series, EIN 010571988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.