Plan Ledger DOL Form 5500 · updated monthly

American Independent Companies, Inc.401(k)

AMERICAN INDEPENDENT COMPANIES, INC. 401(K) PLAN · WEST CONSHOHOCKEN, PA · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

American Independent Companies, Inc. reported $2,057 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.006% to 0.011%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Pennsylvania (2,144th of 3,651), and 3,834th of 4,798 in finance & insurance. active participation has shrunk from 105 to 77 since 2022.

Plan summary
Net assets, end of year$11,567,346
Participants with balances120
Active participants77
Employer contributions$0
Employee contributions$224,987
Employer contribution per active participant$0
Average account balance$96,395
Benefits paid to participants$1,701,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 104 accts
2023$11.6M · 120 accts
2022$11.1M · 148 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,057
Total administrative$2,057
The American Independent Companies, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

American Independent Companies, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,057

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$1,286 · 0.01%
2023$2,057 · 0.02%
2022$801 · 0.01%
Same employer
Similar plansFinance & Insurance · Pennsylvania
R&Q Solutions PA$13.1M · 0.18%
Woodlands Bank PA$11.7M · 0.28%
Infirst Bank PA$11.5M · 0.18%
William Penn Bank PA$11.3M · 0.02%
Pennian Bank PA$11.3M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201899751 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.