Plan Ledger DOL Form 5500 · updated monthly

American Bulk Commodities, Inc.401(k)

AMERICAN BULK COMMODITIES RETIREMENT SAVINGS PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

American Bulk Commodities, Inc. reported $194,367 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $953 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 0.63% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,017th-largest of 3,295 plans among Ohio employers on file, and the 578th of 2,677 in transportation & warehousing. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has shrunk from 964 to 814 since 2022.

Plan summary
Net assets, end of year$28,599,014
Participants with balances603
Active participants814
Employer contributions$775,418
Employee contributions$1,797,728
Employer contribution per active participant$953
Average account balance$47,428
Benefits paid to participants$5,447,861
Plan auditUnmodified (clean) audit opinion
AuditorHILL BARTH & KING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$28.6M · 603 accts · $775K emplr
2023$28.1M · 678 accts · $757K emplr
2022$25.1M · 583 accts · $756K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,896
Investment management$53,471
Total administrative$194,367
The American Bulk Commodities, Inc. 401(k) match · 2024
Employer contribution per active participant$953
Median for plans this size$2,416
2024$953 per active participant
2023$897 per active participant
2022$784 per active participant

American Bulk Commodities, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
AMI BENEFIT PLAN ADMINISTRATORS, IN · Contract administrator · Recordkeeping$140,896
SCOTT S DUKO$53,471

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

Recordkeeper by year2
2024AMI BENEFIT PLAN ADMINISTRATORS, IN
2023AMI BENEFIT PLAN ADMINISTRATORS, IN

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$194,367 · 0.69%
2023$190,821 · 0.72%
2022$181,308 · 0.63%
Same employer
Similar plansTransportation & Warehousing · Ohio
Mormac Marine Group, Inc. OH$34.5M · 0.17%
Star Leasing Company, LLC OH$28.8M · 0.32%
Peoples Services, Inc. OH$26.3M · 0.47%
Kaplan Trucking Company OH$23.7M · 0.28%
The Anderson-Dubose Company OH$23.3M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341336167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.