Plan Ledger DOL Form 5500 · updated monthly

Aes Clean Technology, Inc.401(k)

AES CLEAN TECHNOLOGY, INC. 401(K) PLAN · MONTGOMERYVILLE, PA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Aes Clean Technology, Inc. reported $55,372 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,939 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 fell from 0.36% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,549th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,038th of 5,337 in construction. In 2023, employees put in $2.12 for every $1.00 the employer contributed; active participation has shrunk from 346 to 279 since 2022.

Plan summary
Net assets, end of year$19,694,665
Participants with balances189
Active participants279
Employer contributions$540,950
Employee contributions$1,146,899
Employer contribution per active participant$1,939
Average account balance$104,205
Benefits paid to participants$3,797,575
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 176 accts · $462K emplr
2023$19.7M · 189 accts · $541K emplr
2022$18.7M · 194 accts · $542K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$55,372
Total administrative$55,372
The Aes Clean Technology, Inc. 401(k) match · 2023
Employer contribution per active participant$1,939
Median for plans this size$2,440
2024$2,343 per active participant
2023$1,939 per active participant
2022$1,565 per active participant

Aes Clean Technology, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,398
RAYMOND JAMES INSURANCE GROUP INC · Other servicesindirect comp

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$55,993 · 0.31%
2023$55,372 · 0.29%
2022$74,192 · 0.36%
Same employer
Similar plansConstruction · Pennsylvania
Leeward Construction, Inc. PA$20.2M · 0.65%
Danella Companies, Inc. PA$20.0M · 0.51%
B. R. Kreider & Son, Inc. PA$19.7M · 0.46%
The Norwood Company PA$19.7M · 0.51%
J.M. Oliver, Inc. PA$19.5M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232408264 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.