Department of Labor filing

PANEL PROCESSING, INC.

PANEL PROCESSING, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 29, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

17filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$125

Reported employer contributions per active participant.

Higher than about 3% of comparable plans

#People in the filing

163

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$185 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 48% of comparable plans

↗Investment performance

Not available

Plan assets changed -2.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202417out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions3rd percentileTypical peer $1,808 · based on 144 comparable plans

Lower reported administrative expense48th percentileTypical peer $178 · based on 145 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, PANEL PROCESSING, INC. reported $20,330 in employer contributions across the plan and 163 active participants. That works out to $125 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy80%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 83.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 11.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context17/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $20,330
Participant contributions: $248,273
Other contributions: $109,215
Employer share of reported contributions: 7.6%
Beginning assets: $6,042,941
Ending assets: $5,884,031
Ending net assets: $5,884,031
Ending liabilities: $0
Total income: $1,322,672
Total expenses: $1,481,582
Administrative expenses: $41,149
Participant loans: $102,754

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$769

2023

$121

2024

$125

Plan-paid administrative expenses per participant

2022

$166

2023

$168

2024

$185

Active participants

2022

184

2023

172

2024

163

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$125	163	5.9M	20250929151243NAL0027098354001
2023	$121	172	6M	20240930093037NAL0002530595001
2022	$769	184	5.7M	20231005114407NAL0021111713001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.7%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 381946344-004

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 1, 2002
Industry: Industry group 322
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
CHARLES SCHWAB INVESTMENT MANAGEMEN	2024	Not reported	unknown
CHARLES SCHWAB TRUST BANK	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250929151243NAL0027098354001

Data sourceDOL Form 5500 bulk data ↗

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