Department of Labor filing

STERLING PRODUCTS, INC.

STERLING PRODUCTS, INC. 401(K) SAVINGS AND RETIREMENT PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

34filing 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

$1,863

Reported employer contributions per active participant.

Higher than about 37% of comparable plans

#People in the filing

274

Active participants reported for 2024.

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

¢Visible plan-paid fees

$281 / participant

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

Lower cost than about 28% of comparable plans

↗Investment performance

Not available

Plan assets changed 6.3%, 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 · 202434out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions37th percentileTypical peer $2,293 · based on 622 comparable plans

Lower reported administrative expense28th percentileTypical peer $193 · based on 639 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, STERLING PRODUCTS, INC. reported $510,439 in employer contributions across the plan and 274 active participants. That works out to $1,863 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 proxy56%

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 trendUp 0.0%

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

Expense trendDown 2.5%

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

Peer context34/100

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: $510,439
Participant contributions: $1,859,794
Other contributions: $86,593
Employer share of reported contributions: 21.5%
Beginning assets: $38,264,525
Ending assets: $40,669,885
Ending net assets: $40,669,885
Ending liabilities: $0
Total income: $7,679,748
Total expenses: $5,274,388
Administrative expenses: $144,823
Participant loans: $347,055

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

$1,862

2023

$2,026

2024

$1,863

Plan-paid administrative expenses per participant

2022

$288

2023

$275

2024

$281

Active participants

2022

329

2023

283

2024

274

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,863	274	40.7M	20251015150228NAL0002626867001
2023	$2,026	283	38.3M	20240913105639NAL0019573026001
2022	$1,862	329	35.2M	20230920091323NAL0002397376001

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: 0.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 133446488-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1958
Industry: Industry group 333
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D3H

Current plan terms

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Filing ACK_ID20251015150228NAL0002626867001

Data sourceDOL Form 5500 bulk data ↗

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