Plan Ledger DOL Form 5500 · updated monthly

Adams Thermal Systems Inc.401(k)

ADAMS THERMAL SYSTEMS RETIREMENT SAVINGS PLAN · CANTON, SD · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Adams Thermal Systems Inc. reported $79,960 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,843 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 0.47% to 0.52%. 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 107th-largest of 233 plans among South Dakota employers on file, and the 6,749th of 13,661 in manufacturing. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 214 to 240 since 2022.

Plan summary
Net assets, end of year$16,226,411
Participants with balances293
Active participants240
Employer contributions$442,429
Employee contributions$925,474
Employer contribution per active participant$1,843
Average account balance$55,380
Benefits paid to participants$1,331,620
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 293 accts · $442K emplr
2023$14.4M · 330 accts · $449K emplr
2022$12.8M · 282 accts · $352K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,878
Investment management$37,014
Audit (IQPA)$17,068
Total administrative$79,960
The Adams Thermal Systems Inc. 401(k) match · 2024
Employer contribution per active participant$1,843
Median for plans this size$2,416
2024$1,843 per active participant
2023$1,781 per active participant
2022$1,646 per active participant

Adams Thermal Systems Inc.'s 2024 employer contribution ran below 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 · 20243
VISIONPOINT ADVISORY GROUP · Investment advisory (plan)$37,014
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,878
EIDE BAILLY · Accounting / audit$17,068

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$79,960 · 0.52%
2023$61,755 · 0.45%
2022$66,321 · 0.47%
Same employer
Similar plansManufacturing · South Dakota
Glacial Lakes SD$20.0M · 0.18%
Dakota Provisions, LLC SD$16.6M · 0.67%
Fimco, Inc. SD$16.5M · 0.44%
Falcon Plastics, Inc. SD$15.6M · 0.02%
Sioux Steel Company SD$13.9M · 0.50%
Orion Food Systems, LLC SD$13.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200386781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.