Plan Ledger DOL Form 5500 · updated monthly

American Superconductor Corporation401(k)

AMSC 401(K) SAVINGS PLAN · AYER, MA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

American Superconductor Corporation reported $95,843 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,137 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 0.25% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 639th-largest of 2,726 plans among Massachusetts employers on file, and the 2,872nd of 13,661 in manufacturing. In 2024, employees put in $4.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,740,117
Participants with balances349
Active participants292
Employer contributions$623,919
Employee contributions$2,582,299
Employer contribution per active participant$2,137
Average account balance$162,579
Benefits paid to participants$11,071,481
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.7M · 349 accts · $624K emplr
2023$53.8M · 356 accts · $676K emplr
2022$46.8M · 367 accts · $595K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,498
Investment management$33,345
Total administrative$95,843
The American Superconductor Corporation 401(k) match · 2024
Employer contribution per active participant$2,137
Median for plans this size$3,635
2024$2,137 per active participant
2023$2,307 per active participant
2022$1,895 per active participant

American Superconductor Corporation's 2024 employer contribution ran below the $3,635 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,254
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$33,290
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,208
THE ANGELL PENSION GROUP INC · Other servicesindirect 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$95,843 · 0.17%
2023$135,215 · 0.27%
2022$128,408 · 0.25%
Same employer
Similar plansManufacturing · Massachusetts
Casa Systems, Inc. MA$59.9M · 0.35%
Bemis Associates, Inc. MA$57.0M · 0.14%
Gn Audio USA, Inc. MA$56.9M · 0.27%
Ufp Technologies, Inc. MA$56.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042959321 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.