Plan Ledger DOL Form 5500 · updated monthly

American Gas and Oil, Inc.401(k)

AMERICAN GAS & OIL, INC. 401(K) PROFIT SHARING PLAN · SPARTA, MI · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

American Gas and Oil, Inc. reported $27,045 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $393 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 1.09% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Michigan (2,090th of 2,619), and 3,741st of 4,246 in wholesale trade. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,291,457
Participants with balances136
Active participants238
Employer contributions$93,576
Employee contributions$256,445
Employer contribution per active participant$393
Average account balance$31,555
Benefits paid to participants$337,993
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 136 accts · $94K emplr
2023$3.5M · 135 accts · $91K emplr
2022$2.8M · 123 accts · $81K emplr
Administrative expenses, itemized · 2024
Investment management$27,045
Total administrative$27,045
The American Gas and Oil, Inc. 401(k) match · 2024
Employer contribution per active participant$393
Median for plans this size$1,313
2024$393 per active participant
2023$369 per active participant
2022$357 per active participant

American Gas and Oil, Inc.'s 2024 employer contribution ran below the $1,313 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
DB & C ADVISORS, LLC · Investment advisory (plan)$12,787
PROACCOUNT · Investment advisory (participants)$8,201

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$27,045 · 0.70%
2023$33,988 · 1.08%
2022$32,390 · 1.09%
Similar plansWholesale Trade · Michigan
C.F. Fick & Sons, Inc. MI$5.1M · 0.14%
Flat River Group MI$5.1M · 0.48%
Lagrasso Brothers, Inc. MI$4.8M · 0.04%
W.S Townsend Company MI$4.7M · 0.79%
Dennen Steel Corp MI$4.1M · 0.14%
Great Lakes Foods, LLC MI$4.0M · 0.03%
Motor City Fastener, LLC MI$3.8M · 0.45%
Ascion, LLC MI$3.8M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382107510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.