Plan Ledger DOL Form 5500 · updated monthly

American Plastics, LLC401(k)

AMERICAN PLASTICS, LLC 401(K) PLAN · SAINT LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
1.49%

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

American Plastics, LLC reported $291,340 in plan administrative expenses for 2024: 1.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $805 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 2.44% to 1.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 565th-largest of 1,393 plans among Missouri employers on file, and the 5,589th of 13,661 in manufacturing. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 786 to 2,609 since 2022.

Plan summary
Net assets, end of year$21,883,706
Participants with balances1,047
Active participants2,609
Employer contributions$2,100,060
Employee contributions$3,665,718
Employer contribution per active participant$805
Average account balance$20,901
Benefits paid to participants$3,523,186
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 1,047 accts · $2.1M emplr
2023$17.3M · 970 accts · $2.1M emplr
2022$12.0M · 811 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$291,340
Total administrative$291,340
The American Plastics, LLC 401(k) match · 2024
Employer contribution per active participant$805
Median for plans this size$2,416
2024$805 per active participant
2023$2,200 per active participant
2022$1,883 per active participant

American Plastics, LLC's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$198,379
ORENDA RETIREMENT, LLC · Other services · Contract administrator$93,053
SBHU LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$291,340 · 1.49%
2023$284,175 · 1.94%
2022$291,511 · 2.44%
Same employer
Similar plansManufacturing · Missouri
C.L. Smith Company MO$22.1M · 0.36%
Shick Solutions, Inc. MO$22.0M · 0.33%
Vsm Abrasives Corporation MO$21.9M · 0.07%
Sinclair and Rush, Inc. MO$21.8M · 0.46%
Ridewell Corporation MO$21.6M · 0.24%
Aspeq Heating Group LLC MO$21.4M · 0.50%
Aspen Products, Inc. MO$21.4M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822126101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.