Plan Ledger DOL Form 5500 · updated monthly

Af Holding Co.401(k)

AF HOLDING CO. & SUBSIDIARIES RETIREMENT PLAN · SULLIVAN, IL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Af Holding Co. reported $167,714 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,413 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 0.28% to 0.36%. 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 959th-largest of 3,702 plans among Illinois employers on file, and the 3,275th of 13,661 in manufacturing. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has shrunk from 482 to 413 since 2022.

Plan summary
Net assets, end of year$47,566,789
Participants with balances581
Active participants413
Employer contributions$996,366
Employee contributions$1,183,160
Employer contribution per active participant$2,413
Average account balance$81,871
Benefits paid to participants$4,498,496
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.6M · 581 accts · $996K emplr
2023$44.4M · 599 accts · $1.0M emplr
2022$40.0M · 593 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$162,464
Audit (IQPA)$5,250
Total administrative$167,714
The Af Holding Co. 401(k) match · 2024
Employer contribution per active participant$2,413
Median for plans this size$2,416
2024$2,413 per active participant
2023$2,297 per active participant
2022$2,117 per active participant

Af Holding Co.'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
BKD LLP · Accounting / audit · Contract administrator$5,250
SMITH MOOREindirect 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$167,714 · 0.36%
2023$153,449 · 0.36%
2022$122,087 · 0.28%
Same employer
Similar plansManufacturing · Illinois
Certified Power, Inc. IL$48.4M · 0.46%
Alpha Baking Co., Inc. IL$47.7M · 0.19%
Suncast Corporation IL$47.5M · 0.25%
Miniat Holdings LLC IL$47.5M · 0.18%
Bodine Electric Company IL$47.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371387036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.