Plan Ledger DOL Form 5500 · updated monthly

Air Tractor, Inc.401(k)

AIR TRACTOR, INC. 401(K) RETIREMENT PLAN · OLNEY, TX · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Air Tractor, Inc. reported $7,297 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,587 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 0.022% to 0.024%. 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 1,397th-largest of 5,688 plans among Texas employers on file, and the 4,095th of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 384 to 434 since 2022.

Plan summary
Net assets, end of year$34,177,973
Participants with balances452
Active participants434
Employer contributions$2,424,701
Employee contributions$3,430,742
Employer contribution per active participant$5,587
Average account balance$75,615
Benefits paid to participants$3,123,130
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.2M · 452 accts · $2.4M emplr
2023$26.8M · 420 accts · $1.1M emplr
2022$19.9M · 373 accts · $934K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,297
Total administrative$7,297
The Air Tractor, Inc. 401(k) match · 2024
Employer contribution per active participant$5,587
Median for plans this size$2,416
2024$5,587 per active participant
2023$2,682 per active participant
2022$2,433 per active participant

Air Tractor, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$7,244
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$7,297 · 0.02%
2023$5,663 · 0.02%
2022$5,064 · 0.02%
Same employer
Similar plansManufacturing · Texas
Hempelusa, Inc. TX$35.6M · 0.33%
Ipsco Tubulars Inc. TX$35.0M · 0.13%
The Modern Group, LTD. TX$34.1M · 0.73%
Altivia Petrochemicals, LLC TX$33.7M · 0.33%
Satake USA, Inc. TX$33.5M · 0.08%
Venator TX$33.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751337101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.