American Iron and Metal USA In401(k)
AMERICAN IRON AND METAL USA IN 401(K) PROFIT SHARING PLAN & TRUST · CRANSTON, RI · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
American Iron and Metal USA In reported $10,951 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,113 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 0.16% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Rhode Island (179th of 286), and 438th of 612 in mining, oil & gas extraction. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has shrunk from 329 to 292 since 2022.
American Iron and Metal USA In's 2024 employer contribution ran below 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 980343579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.