Plan Ledger DOL Form 5500 · updated monthly

A.G. Simpson USA Inc401(k)

A.G. SIMPSON (USA) INC. RETIREMENT PLAN · SOUTH STERLING HEIGHTS, MI · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

A.G. Simpson USA Inc reported $15,833 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $630 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 rose from 0.03% to 0.11%. 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 1,208th-largest of 2,619 plans among Michigan employers on file, and 6,845th of 13,661 in manufacturing. In 2024, employees put in $3.18 for every $1.00 the employer contributed; active participation has grown from 204 to 574 since 2022.

Plan summary
Net assets, end of year$15,868,505
Participants with balances195
Active participants574
Employer contributions$361,630
Employee contributions$1,150,079
Employer contribution per active participant$630
Average account balance$81,377
Benefits paid to participants$1,638,015
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 195 accts · $362K emplr
2023$13.8M · 180 accts · $309K emplr
2022$10.9M · 171 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,833
Total administrative$15,833
The A.G. Simpson USA Inc 401(k) match · 2024
Employer contribution per active participant$630
Median for plans this size$2,416
2024$630 per active participant
2023$1,419 per active participant
2022$1,538 per active participant

A.G. Simpson USA Inc's 2024 employer contribution ran below the $2,416 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$15,832
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,833 · 0.11%
2023$3,447 · 0.03%
2022$4,039 · 0.03%
Same employer
Similar plansManufacturing · Michigan
Metalworks, Inc. MI$16.2M · 0.60%
Walker Tool & Die, Inc. MI$15.9M · 0.44%
Hadley Products Corporation MI$15.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980138071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.