Plan Ledger DOL Form 5500 · updated monthly

Worthen Industries, Inc.401(k)

WORTHEN INDUSTRIES, INC. PROFIT SHARING AND SAVINGS PLAN · NASHUA, NH · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Worthen Industries, Inc. reported $14,065 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,159 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 0.05% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 100th-largest of 411 plans among New Hampshire employers on file, and the 3,925th of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,433,163
Participants with balances423
Active participants295
Employer contributions$931,901
Employee contributions$1,812,109
Employer contribution per active participant$3,159
Average account balance$86,130
Benefits paid to participants$3,669,669
Plan auditUnmodified (clean) audit opinion
AuditorTONNESON & COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.4M · 423 accts · $932K emplr
2023$31.9M · 421 accts · $906K emplr
2022$28.1M · 369 accts · $877K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,175
Investment management$4,890
Total administrative$14,065
The Worthen Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$3,159
Median for plans this size$2,416
2024$3,159 per active participant
2023$3,192 per active participant
2022$2,830 per active participant

Worthen Industries, Inc.'s 2024 employer contribution ran above the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,307

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$14,065 · 0.04%
2023$18,137 · 0.06%
2022$16,765 · 0.05%
Same employer
Similar plansManufacturing · New Hampshire
Creare LLC NH$57.7M · 0.13%
Ferrotec USA Corporation NH$55.7M · 0.06%
Company 401(K) Plan NH$38.1M · 0.04%
Turbocam, Inc. NH$36.0M · 0.41%
Verico Technology LLC NH$32.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020505077 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.