Plan Ledger DOL Form 5500 · updated monthly

American Insurance Acquisition, Inc.401(k)

AMERICAN INSURANCE ACQUISITION, INC. · ELK GROVE VILLAGE, IL · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

American Insurance Acquisition, Inc. reported $18,836 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.12% to 0.15%. 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 Illinois (2,151st of 3,702), and 3,711th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$12,756,263
Participants with balances116
Active participants35
Employer contributions$0
Employee contributions$256,080
Employer contribution per active participant$0
Average account balance$109,968
Benefits paid to participants$2,467,399
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Plan history2
Yearassets · accounts · employer contribution
2023$12.8M · 116 accts
2022$12.7M · 142 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,063
Investment management$5,773
Audit (IQPA)$12,000
Total administrative$18,836
The American Insurance Acquisition, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

American Insurance Acquisition, 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 · 20233
WARADY & DAVIS LLP · Accounting / audit$12,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,773
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,063

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$18,836 · 0.15%
2022$18,598 · 0.12%
Similar plansFinance & Insurance · Illinois
Wilber & Associates PC IL$13.8M · 0.41%
Binah Management Services IL$13.5M · 0.17%
Paylink Payment Plans, LLC IL$13.5M · 0.00%
Channeled Resources, Inc. IL$12.6M · 0.41%
Hickory Point Bank & Trust IL$12.5M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273539769 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.