Plan Ledger DOL Form 5500 · updated monthly

American Engineering & Development Corporation401(k)

AMERICAN ENGINEERING & DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN · HIALEAH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

American Engineering & Development Corporation reported $86,260 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,481 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 0.25% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,042nd-largest of 3,644 plans among Florida employers on file, and the 5,179th of 11,654 in professional & technical services. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 290 to 510 since 2022.

Plan summary
Net assets, end of year$22,105,229
Participants with balances488
Active participants510
Employer contributions$755,463
Employee contributions$1,684,143
Employer contribution per active participant$1,481
Average account balance$45,298
Benefits paid to participants$1,973,309
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 488 accts · $755K emplr
2023$18.8M · 399 accts · $616K emplr
2022$15.5M · 346 accts · $492K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,691
Investment management$42,569
Audit (IQPA)$3,000
Total administrative$86,260
The American Engineering & Development Corporation 401(k) match · 2024
Employer contribution per active participant$1,481
Median for plans this size$2,416
2024$1,481 per active participant
2023$1,769 per active participant
2022$1,698 per active participant

American Engineering & Development 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$40,691
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$39,019

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$86,260 · 0.42%
2023$49,940 · 0.29%
2022$41,953 · 0.25%
Same employer
Similar plansProfessional & Technical Services · Florida
Bitdefender Inc FL$23.4M · 0.40%
Farah & Farah, P.A. FL$22.4M · 0.07%
Geographic Solutions, Inc. FL$22.3M · 0.02%
Teamviewer US, Inc. FL$21.9M · 0.68%
Naylor, L.L.C. FL$21.8M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591480029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.