Plan Ledger DOL Form 5500 · updated monthly

American Future Technology Corpo401(k)

IBUYPOWER RETIREMENT PLAN · CITY OF INDUSTRY, CA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

American Future Technology Corpo reported $20,969 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $2,199 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 0.60% to 0.52%. 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 California (7,118th of 9,483), and 11,389th of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 186 to 143 since 2022.

Plan summary
Net assets, end of year$4,645,171
Participants with balances126
Active participants143
Employer contributions$314,402
Employee contributions$512,694
Employer contribution per active participant$2,199
Average account balance$36,866
Benefits paid to participants$124,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 126 accts · $314K emplr
2023$3.4M · 112 accts · $295K emplr
2022$2.6M · 138 accts · $356K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,969
Total administrative$20,969
The American Future Technology Corpo 401(k) match · 2024
Employer contribution per active participant$2,199
Median for plans this size$1,313
2024$2,199 per active participant
2023$2,017 per active participant
2022$1,915 per active participant

American Future Technology Corpo's 2024 employer contribution ran above 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$18,456
ADP, INC. · Loan processing · Recordkeeping$2,512
ADP BROKER-DEALER · Other servicesindirect comp

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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$20,969 · 0.52%
2023$17,382 · 0.59%
2022$14,796 · 0.60%
Similar plansManufacturing · California
Home and Body Company CA$4.7M · 0.64%
The Peggs Co., Inc. CA$4.7M · 1.13%
Monique Lhuillier, Inc. CA$4.7M · 0.06%
Newlight Technologies Inc CA$4.6M · 0.14%
Bar Bakers, LLC CA$4.6M · 0.27%
Edgemine, Inc. CA$4.6M · 1.15%
Rapid Manufacturing CA$4.6M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 954629468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.