Plan Ledger DOL Form 5500 · updated monthly

Advanced Composites, Inc.401(k)

ADVANCED COMPOSITES, INC. 401(K) RETIREMENT PLAN · SIDNEY, OH · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Advanced Composites, Inc. reported $483,807 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,378 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 0.53% to 0.96%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 625th-largest of 3,295 plans among Ohio employers on file, and the 3,015th of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 445 to 491 since 2022.

Plan summary
Net assets, end of year$53,155,058
Participants with balances839
Active participants491
Employer contributions$1,658,708
Employee contributions$2,698,661
Employer contribution per active participant$3,378
Average account balance$63,355
Benefits paid to participants$3,614,557
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$53.2M · 839 accts · $1.7M emplr
2023$47.2M · 751 accts · $1.6M emplr
2022$39.6M · 737 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$221,666
Investment management$262,141
Total administrative$483,807
The Advanced Composites, Inc. 401(k) match · 2024
Employer contribution per active participant$3,378
Median for plans this size$3,635
2024$3,378 per active participant
2023$3,366 per active participant
2022$2,759 per active participant

Advanced Composites, Inc.'s 2024 employer contribution ran below the $3,635 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
EMPOWER ADVISORY GROUP, LLC · Investment management$181,162
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$80,979

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$483,807 · 0.96%
2023$225,589 · 0.52%
2022$226,783 · 0.53%
Same employer
Similar plansManufacturing · Ohio
Flexsys America LP OH$54.8M · 0.07%
Fresh Mark, Inc. OH$54.6M · 0.01%
Qnnect, LLC OH$54.1M · 0.15%
Grammer Inc. OH$52.6M · 0.59%
Candle-Lite Company, LLC OH$52.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311178829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.