Plan Ledger DOL Form 5500 · updated monthly

American Quarter Horse Association401(k)

AMERICAN QUARTER HORSE ASSOCIATION 401(K) PLAN · AMARILLO, TX · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

American Quarter Horse Association reported $90,919 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,458 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 rose from 0.48% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,247th-largest of 5,688 plans among Texas employers on file, and the 1,184th of 3,341 in other services. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 190 to 214 since 2022.

Plan summary
Net assets, end of year$17,007,852
Participants with balances342
Active participants214
Employer contributions$740,060
Employee contributions$951,378
Employer contribution per active participant$3,458
Average account balance$49,731
Benefits paid to participants$899,600
Plan auditUnmodified (clean) audit opinion
AuditorSTOCKMAN KAST RYAN & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 342 accts · $740K emplr
2023$14.3M · 386 accts · $684K emplr
2022$12.0M · 274 accts · $603K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,919
Total administrative$90,919
The American Quarter Horse Association 401(k) match · 2024
Employer contribution per active participant$3,458
Median for plans this size$2,416
2024$3,458 per active participant
2023$3,198 per active participant
2022$3,175 per active participant

American Quarter Horse Association's 2024 employer contribution ran above the $2,416 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.

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
AMARILLO NATIONAL BANK · Investment advisory (plan) · Trustee (directed)$53,370
EMPOWER ADVISORY GROUP, LLC · Investment management$4,358

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$90,919 · 0.58%
2023$64,369 · 0.49%
2022$63,454 · 0.48%
Similar plansOther Services · Texas
Rug Doctor, LLC TX$17.8M · 0.29%
Repairify, Inc. TX$17.6M · 0.48%
Mundy Service Corporation TX$17.5M · 0.14%
USA Debusk LLC TX$16.7M · 0.24%
Csat Solutions LP TX$15.4M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750725576 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.