Plan Ledger DOL Form 5500 · updated monthly

Airboss Flexible Products, LLC401(k)

AIRBOSS OF AMERICA 401(K) PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Airboss Flexible Products, LLC reported $24,403 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,756 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 0.12% to 0.14%. 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 1,098th-largest of 2,619 plans among Michigan employers on file, and the 6,245th of 13,661 in manufacturing. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 344 to 254 since 2022.

Plan summary
Net assets, end of year$18,396,687
Participants with balances284
Active participants254
Employer contributions$700,120
Employee contributions$1,461,023
Employer contribution per active participant$2,756
Average account balance$64,777
Benefits paid to participants$2,629,094
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT. PLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 284 accts · $700K emplr
2023$16.6M · 326 accts · $818K emplr
2022$13.9M · 322 accts · $848K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,403
Total administrative$24,403
The Airboss Flexible Products, LLC 401(k) match · 2024
Employer contribution per active participant$2,756
Median for plans this size$2,416
2024$2,756 per active participant
2023$2,764 per active participant
2022$2,465 per active participant

Airboss Flexible Products, LLC's 2024 employer contribution ran above 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$67,532

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Airboss Flexible Products, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,403 · 0.14%
2023$15,304 · 0.10%
2022$16,220 · 0.12%
All plans at this employer2
AIR BOSS FLEXIBLE PRODUCTS UNION 401(K) PLAN401(k)
AIRBOSS OF AMERICA 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Michigan
Big Dutchman, Inc MI$18.7M · 0.22%
Po Lighting USA, Inc. MI$18.6M · 0.39%
Avasure Opco Holdings, Inc. MI$18.3M · 0.12%
Eos of North America, Inc. MI$18.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382330046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.