Plan Ledger DOL Form 5500 · updated monthly

American Piping Inspection401(k)

AMERICAN PIPING INSPECTION 401(K) RETIREMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

American Piping Inspection reported $32,880 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $572 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 0.49% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Oklahoma (436th of 724), and 3,322nd of 5,337 in construction. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 282 to 513 since 2022.

Plan summary
Net assets, end of year$8,508,729
Participants with balances156
Active participants513
Employer contributions$293,226
Employee contributions$783,101
Employer contribution per active participant$572
Average account balance$54,543
Benefits paid to participants$626,947
Plan auditUnmodified (clean) audit opinion
AuditorHOOD AND ASSOCIATES CPAS PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 156 accts · $293K emplr
2023$6.8M · 138 accts · $163K emplr
2022$5.1M · 126 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,736
Investment management$15,644
Audit (IQPA)$4,500
Total administrative$32,880
The American Piping Inspection 401(k) match · 2024
Employer contribution per active participant$572
Median for plans this size$1,313
2024$572 per active participant
2023$413 per active participant
2022$767 per active participant

American Piping Inspection'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 · 20245
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)$13,403
WJPR CPAS · Contract administrator$11,311
HOOD & ASSOCIATES CPAS PC · Accounting / audit$4,500
EMPOWER ADVISORY GROUP, LLC · Investment management$2,241

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$32,880 · 0.43%
2023$43,768 · 0.73%
2022$26,801 · 0.49%
Same employer
Similar plansConstruction · Oklahoma
Duit Holdings OK$10.7M · 0.02%
Southern Star, Inc. OK$8.6M · 1.10%
H.C. Employees, LLC OK$8.3M · 0.62%
Bh Group Holdings, LLC OK$8.2M · 0.84%
Allen Contracting, Inc. OK$8.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205764193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.