Plan Ledger DOL Form 5500 · updated monthly

Valmet Inc.401(k)

VALMET, INC. RETIREMENT SAVINGS PLAN · NORCROSS, GA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Valmet Inc. reported $263,817 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $2,442 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 0.07% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 89th-largest of 2,160 plans among Georgia employers on file, and the 647th of 13,661 in manufacturing. In 2024, employees put in $3.37 for every $1.00 the employer contributed; active participation has grown from 1,875 to 2,157 since 2022.

Plan summary
Net assets, end of year$431,627,142
Participants with balances2,608
Active participants2,157
Employer contributions$5,268,029
Employee contributions$17,747,725
Employer contribution per active participant$2,442
Average account balance$165,501
Benefits paid to participants$45,461,459
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$431.6M · 2,608 accts · $5.3M emplr
2023$390.7M · 2,483 accts · $4.7M emplr
2022$256.6M · 1,773 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$263,817
Total administrative$263,817
The Valmet Inc. 401(k) match · 2024
Employer contribution per active participant$2,442
Median for plans this size$4,294
2024$2,442 per active participant
2023$2,439 per active participant
2022$1,449 per active participant

Valmet Inc.'s 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$270,337

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$263,817 · 0.06%
2023$257,919 · 0.08%
2022$198,735 · 0.07%
All plans at this employer2
VALMET, INC. PENSION PLAN AND TRUSTMoney purchase plan
VALMET, INC. RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Georgia
Southwire Company, LLC GA$506.0M · 0.16%
Rheem Manufacturing Company GA$469.1M · 0.17%
Printpack, Inc. GA$460.6M · 0.15%
Chart Industries, Inc. GA$428.3M · 0.02%
Fieldcore Service, Inc. GA$388.5M · 0.07%
Bway Corporation GA$357.0M · 0.19%
The William Carter Company GA$318.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561508400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.