Plan Ledger DOL Form 5500 · updated monthly

Allied Machine & Engineering Corporation401(k)

ALLIED MACHINE & ENGINEERING CORPORATION 401(K) PLAN · DOVER, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Allied Machine & Engineering Corporation reported $132,289 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,969 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 0.18% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 491st-largest of 3,295 plans among Ohio employers on file, and the 2,475th of 13,661 in manufacturing. In 2024, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,768,586
Participants with balances539
Active participants453
Employer contributions$1,344,873
Employee contributions$2,856,644
Employer contribution per active participant$2,969
Average account balance$129,441
Benefits paid to participants$6,082,076
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.8M · 539 accts · $1.3M emplr
2023$61.6M · 531 accts · $1.4M emplr
2022$50.4M · 556 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,413
Investment management$84,876
Total administrative$132,289
The Allied Machine & Engineering Corporation 401(k) match · 2024
Employer contribution per active participant$2,969
Median for plans this size$3,635
2024$2,969 per active participant
2023$3,187 per active participant
2022$2,949 per active participant

Allied Machine & Engineering Corporation's 2024 employer contribution ran below the $3,635 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
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$62,757
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,413
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,120

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$132,289 · 0.20%
2023$98,270 · 0.18%
2022$96,688 · 0.18%
Same employer
Similar plansManufacturing · Ohio
Webster Industries, Inc. OH$70.8M · 0.08%
Norwood Medical, LLC OH$70.3M · 0.14%
Contitech USA, Inc. OH$70.2M · 0.07%
Champion Laboratories, Inc. OH$68.6M · 0.30%
Bettcher Industries, Inc. OH$68.0M · 0.18%
Sumiriko Ohio, Inc. OH$67.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340062712 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.