Plan Ledger DOL Form 5500 · updated monthly

Ufp Technologies, Inc.401(k)

UFP TECHNOLOGIES, INC. 401(K) PLAN · NEWBURYPORT, MA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Ufp Technologies, Inc. reported $201,200 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,523 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 3 years on file its reported administrative ratio has held roughly steady near 0.372%. 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 645th-largest of 2,726 plans among Massachusetts employers on file, and the 2,896th of 13,661 in manufacturing. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 772 to 939 since 2022.

Plan summary
Net assets, end of year$56,140,491
Participants with balances728
Active participants939
Employer contributions$1,429,699
Employee contributions$2,942,976
Employer contribution per active participant$1,523
Average account balance$77,116
Benefits paid to participants$7,312,907
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.1M · 728 accts · $1.4M emplr
2023$52.0M · 739 accts · $1.3M emplr
2022$40.5M · 718 accts · $530K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,419
Investment management$49,681
Total administrative$201,200
The Ufp Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,523
Median for plans this size$3,635
2024$1,523 per active participant
2023$1,369 per active participant
2022$686 per active participant

Ufp Technologies, 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 · 20244
THE ANGELL PENSION GROUP, INC.$23,430
ADP, INC.$13,341
MINUTEMAN PRESS$5,912
MASSACHUSETTS MUTUAL LIFE INSURANCEindirect 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
2024$201,200 · 0.37%
2023$187,891 · 0.41%
2022$178,363 · 0.37%
Same employer
Similar plansManufacturing · Massachusetts
Bemis Associates, Inc. MA$57.0M · 0.14%
Gn Audio USA, Inc. MA$56.9M · 0.27%
Agenus Inc. MA$52.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042314970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.