Plan Ledger DOL Form 5500 · updated monthly

American Subcontractors Association North Texas Chapter401(k)

ASA NORTH TEXAS MULTIPLE EMPLOYER 401(K) PLAN · GRANDE PRAIRIE, TX · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

American Subcontractors Association North Texas Chapter reported $137,390 in plan administrative expenses for 2024: 1.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $336 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 1.26% to 1.58%. 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 Texas (2,914th of 5,688), and 2,940th of 5,337 in construction. In 2024, employees put in $2.93 for every $1.00 the employer contributed; active participation has grown from 298 to 850 since 2022.

Plan summary
Net assets, end of year$11,102,075
Participants with balances182
Active participants850
Employer contributions$285,695
Employee contributions$838,012
Employer contribution per active participant$336
Average account balance$61,000
Benefits paid to participants$912,081
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 182 accts · $286K emplr
2023$6.3M · 159 accts · $253K emplr
2022$6.1M · 184 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,390
Total administrative$137,390
The American Subcontractors Association North Texas Chapter 401(k) match · 2024
Employer contribution per active participant$336
Median for plans this size$1,313
2024$336 per active participant
2023$662 per active participant
2022$579 per active participant

American Subcontractors Association North Texas Chapter'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
GENEOS WEALTH MANAGEMENT INC. · Investment advisory (plan)$20,713
CORNWELL JACKSON, PLLC · Accounting / audit$11,412
TEMPLETON & COMPANY LLP$5,300
ADMINISTRATIVE FIDUCIARY SERVICES$5,268

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$137,390 · 1.58%
2023$93,279 · 1.51%
2022$94,536 · 1.26%
Similar plansConstruction · Texas
Gibson & Associates, Inc. TX$11.6M · 0.20%
Impact Floors of Texas, LLC TX$11.5M · 0.74%
Whoa & Co., Inc TX$11.1M · 0.45%
Rpm Xconstruction LLC TX$11.0M · 1.19%
Thos. S. Byrne, Inc. TX$10.9M · 0.39%
Seatrium Amfels, Inc. TX$10.9M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751301699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.