Plan Ledger DOL Form 5500 · updated monthly

American Industries, Inc.Profit-sharing plan

NEIL'S ACE HOME CENTER PROFIT SHARING PLAN · PAGO PAGO, AS · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

American Industries, Inc. reported $38,676 in plan administrative expenses for 2023: 0.69% of average plan assets, above the peer median. Employer contributions averaged $5,952 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 1 year on file its reported administrative ratio rose from 0.57% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is 3,488th of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,017,482
Participants with balances97
Active participants84
Employer contributions$500,000
Employee contributions$0
Employer contribution per active participant$5,952
Average account balance$62,036
Benefits paid to participants$581,836
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$6.0M · 97 accts · $500K emplr
2022$5.3M · 128 accts · $501K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,676
Total administrative$38,676
Employer contributions to the American Industries, Inc. plan · 2023
Employer contribution per active participant$5,952
Median for plans this size$1,308
2023$5,952 per active participant
2022$5,756 per active participant

American Industries, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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
MERRILL LYNCH · Investment advisory (plan)$36,385

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$38,676 · 0.69%
2022$31,259 · 0.57%
Similar plansRetail Trade · AS
Murphy Auto Group, Inc. FL$6.0M · 1.24%
Sherman's Place, Inc. IL$6.0M · 1.20%
Chalfant Corporation ID$6.0M · 0.69%
Classic Concepts, Inc. CA$6.0M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980071255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.