Plan Ledger DOL Form 5500 · updated monthly

Alexander Mann Solutions Corporation401(k)

ALEXANDER MANN RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Alexander Mann Solutions Corporation reported $163,967 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,065 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 0.37% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 774th-largest of 3,295 plans among Ohio employers on file, and the 369th of 2,534 in administrative & support services. In 2024, employees put in $3.24 for every $1.00 the employer contributed; active participation has shrunk from 1,605 to 760 since 2022.

Plan summary
Net assets, end of year$39,683,330
Participants with balances1,234
Active participants760
Employer contributions$1,569,179
Employee contributions$5,085,578
Employer contribution per active participant$2,065
Average account balance$32,158
Benefits paid to participants$7,255,129
Plan auditUnmodified (clean) audit opinion
AuditorMALONEY AND NOVOTNY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$39.7M · 1,234 accts · $1.6M emplr
2023$34.8M · 2,103 accts · $2.1M emplr
2022$24.7M · 2,153 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$163,967
Total administrative$163,967
The Alexander Mann Solutions Corporation 401(k) match · 2024
Employer contribution per active participant$2,065
Median for plans this size$2,416
2024$2,065 per active participant
2023$2,465 per active participant
2022$1,561 per active participant

Alexander Mann Solutions Corporation'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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$163,067

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

Recordkeeper by year2
2024Charles Schwab, Newport (Ascensus)
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Alexander Mann Solutions Corporation 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$163,967 · 0.44%
2023$107,889 · 0.36%
2022$87,651 · 0.37%
Same employer
Similar plansAdministrative & Support Services · Ohio
Ctl Engineering, Inc. OH$42.0M · 0.12%
Staffmark Investment, LLC OH$40.1M · 0.31%
Lca Vision, Inc. OH$39.1M · 0.24%
Vns Federal Services, LLC OH$34.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562603515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.