Plan Ledger DOL Form 5500 · updated monthly

Air Industries Group401(k)

AIR INDUSTRIES GROUP 401(K) PLAN · BAY SHORE, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

Air Industries Group reported $38,781 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. 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 0.55% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,780th of 5,648), and 8,363rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$8,890,671
Participants with balances128
Active participants175
Employer contributions—
Employee contributions$624,712
Employer contribution per active participant—
Average account balance$69,458
Benefits paid to participants$781,961
Plan auditUnmodified (clean) audit opinion
AuditorPW PARTNERS
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 128 accts
2023$7.9M · 151 accts
2022$6.8M · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,781
Total administrative$38,781
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 · 20245
ASCENSUS HOLDINGS INC DBA · Contract administrator$4,910
LEAFHOUSE FINANCIAL ADVISORS, LLC$4,139
EMPOWER ADVISORY GROUP · Investment management$2,798
CAMBRIDGE INVESTMENT RESEARCH INCindirect 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$38,781 · 0.46%
2023$37,681 · 0.51%
2022$42,661 · 0.55%
Same employer
Similar plansProfessional & Technical Services · New York
Valon Technologies, Inc. NY$9.0M · 0.23%
Cellectis Biologics, Inc. NY$9.0M · 0.35%
Bright Power, Inc. NY$8.9M · 0.01%
Quartile, LLC NY$8.8M · 0.46%
Greenslate LLC NY$8.8M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800948413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.