Plan Ledger DOL Form 5500 · updated monthly

American State Equipment Co., Inc.401(k)

AMERICAN STATE EQUIPMENT CO., INC. EMPLOYEES' 401(K) PLAN · MILWAUKEE, WI · plan year 2025

Reported admin expense ratio · 2025
0.39%

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

American State Equipment Co., Inc. reported $88,413 in plan administrative expenses for 2025: 0.39% of average plan assets, above the peer median. Employer contributions averaged $4,125 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 rose from 0.36% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other wholesale trade employers. By assets it is the 766th-largest of 1,936 plans among Wisconsin employers on file, and the 1,664th of 4,246 in wholesale trade. In 2025, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,419,980
Participants with balances140
Active participants106
Employer contributions$437,295
Employee contributions$1,014,090
Employer contribution per active participant$4,125
Average account balance$167,286
Benefits paid to participants$2,760,605
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$23.4M · 140 accts · $437K emplr
2024$21.8M · 142 accts · $450K emplr
2023$20.8M · 130 accts · $373K emplr
2022$17.4M · 134 accts · $557K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$88,413
Total administrative$88,413
The American State Equipment Co., Inc. 401(k) match · 2025
Employer contribution per active participant$4,125
Median for plans this size$2,666
2025$4,125 per active participant
2024$3,753 per active participant
2023$3,330 per active participant
2022$5,353 per active participant

American State Equipment Co., Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
EMPOWER ADVISORY GROUP, LLC · Investment management$10,368
BLUE CHIP RETIREMENT PLANS, INC.$2,550
LPL FINANCIAL LLCindirect comp

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

Administrative cost history4
2025$88,413 · 0.39%
2024$82,617 · 0.39%
2023$67,426 · 0.35%
2022$66,989 · 0.36%
Same employer
Similar plansWholesale Trade · Wisconsin
Nassco, Inc. WI$24.8M · 0.33%
Brooks, Inc. WI$24.7M · 0.12%
Ver Halen, Inc. WI$23.5M · 0.43%
The Delong Co Inc WI$23.2M · 0.39%
Premier Cooperative WI$23.1M · 0.38%
Fairchild Equipment, Inc. WI$22.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390965954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.