Plan Ledger DOL Form 5500 · updated monthly

American One Source, Inc401(k)

AMERICAN ONE SOURCE, INC MEP 401(K) PLAN · WACO, TX · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

American One Source, Inc reported $51,295 in plan administrative expenses for 2024: 0.77% of average plan assets, above the peer median. Employer contributions averaged $395 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 3 years on file its reported administrative ratio has held roughly steady near 0.765%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (3,521st of 5,688), and the 1,192nd of 2,534 in administrative & support services. In 2024, employees put in $3.34 for every $1.00 the employer contributed; active participation has grown from 699 to 911 since 2022.

Plan summary
Net assets, end of year$7,395,247
Participants with balances316
Active participants911
Employer contributions$359,452
Employee contributions$1,201,010
Employer contribution per active participant$395
Average account balance$23,403
Benefits paid to participants$413,233
Plan auditUnmodified (clean) audit opinion
AuditorPATTILLO, BROWN & HILL, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 316 accts · $359K emplr
2023$6.0M · 316 accts · $407K emplr
2022$3.9M · 201 accts · $384K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,295
Total administrative$51,295
The American One Source, Inc 401(k) match · 2024
Employer contribution per active participant$395
Median for plans this size$1,313
2024$395 per active participant
2023$538 per active participant
2022$549 per active participant

American One Source, 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
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$51,295
KESTRA INVESTMENT SERVICES LLC · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,295 · 0.77%
2023$38,182 · 0.77%
2022$25,786 · 0.77%
Same employer
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Manpow, LLC TX$7.7M · 0.80%
Nec Networks, LLC TX$7.6M · 0.83%
Telenetwork, Inc. TX$7.5M · 0.95%
Rmpersonnel, Inc. TX$7.3M · 0.81%
Always Answer, Inc. TX$7.3M · 0.20%
G & G Organization LTD. TX$7.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710934616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.