Plan Ledger DOL Form 5500 · updated monthly

American Fibertech Corporation401(k)

AMERICAN FIBERTECH CORPORATION 401(K) PLAN · CLARKS HILL, IN · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

American Fibertech Corporation reported $38,351 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $772 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 fell from 0.64% to 0.58%. 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 Indiana (1,025th of 1,562), and 9,939th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,419,463
Participants with balances144
Active participants533
Employer contributions$411,722
Employee contributions$724,623
Employer contribution per active participant$772
Average account balance$51,524
Benefits paid to participants$376,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 144 accts · $412K emplr
2023$5.8M · 128 accts · $391K emplr
2022$4.3M · 110 accts · $374K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,627
Investment management$17,724
Total administrative$38,351
The American Fibertech Corporation 401(k) match · 2024
Employer contribution per active participant$772
Median for plans this size$1,313
2024$772 per active participant
2023$700 per active participant
2022$744 per active participant

American Fibertech Corporation'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
SHEPHERD FINANCIAL INVESTMENT · Investment advisory (plan)$17,724

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$38,351 · 0.58%
2023$33,480 · 0.66%
2022$27,352 · 0.64%
Same employer
Similar plansManufacturing · Indiana
Heritage Products Inc. IN$7.5M · 0.29%
Fibertech Plastics LLC IN$7.5M · 0.70%
Pretzels, Inc IN$7.4M · 0.82%
Polyjohn Enterprises, LLC IN$7.3M · 0.02%
Kore Outdoor US Inc. IN$7.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351691687 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.