Plan Ledger DOL Form 5500 · updated monthly

American Block Manufacturing Co.401(k)

AB - SW 401K PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

American Block Manufacturing Co. reported $22,454 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $925 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 0.26% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (3,274th of 5,688), and 9,375th of 13,661 in manufacturing. In 2024, employees put in $3.67 for every $1.00 the employer contributed; active participation has grown from 130 to 170 since 2022.

Plan summary
Net assets, end of year$8,652,533
Participants with balances162
Active participants170
Employer contributions$157,252
Employee contributions$577,128
Employer contribution per active participant$925
Average account balance$53,411
Benefits paid to participants$328,122
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 162 accts · $157K emplr
2023$7.4M · 157 accts · $146K emplr
2022$6.2M · 150 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,816
Investment management$19,638
Total administrative$22,454
The American Block Manufacturing Co. 401(k) match · 2024
Employer contribution per active participant$925
Median for plans this size$1,313
2024$925 per active participant
2023$925 per active participant

American Block Manufacturing Co.'s 2024 employer contribution ran below the $1,313 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 · 20242
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$19,638
ADP, INC. · Loan processing · Recordkeeping$2,816

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP, PENSIONMARK FINANCIAL GROUP, LLC

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Administrative cost history3
2024$22,454 · 0.28%
2023$17,719 · 0.26%
2022$17,301 · 0.26%
Same employer
Similar plansManufacturing · Texas
Swiss-American Cdmo, LLC TX$8.7M · 0.76%
Hunter Buildings, LLC TX$8.6M · 0.17%
Lucchese, Inc. TX$8.5M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742134046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.