Plan Ledger DOL Form 5500 · updated monthly

American Systems CorporationESOP

AMERICAN SYSTEMS CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

American Systems Corporation reported $287,272 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $1,396 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 0.095% to 0.086%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 104th-largest of 2,266 plans among Virginia employers on file, and the 503rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$338,531,143
Participants with balances3,378
Active participants1,476
Employer contributions$2,060,737
Employee contributions—
Employer contribution per active participant$1,396
Average account balance$100,216
Benefits paid to participants$39,706,762
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$338.5M · 3,378 accts · $2.1M emplr
2023$331.3M · 3,408 accts · $579K emplr
2022$291.8M · 3,303 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,935
Investment management$80,000
Total administrative$287,272
Employer contributions to the American Systems Corporation plan · 2024
Employer contribution per active participant$1,396
Median for plans this size$4,294
2024$1,396 per active participant
2023$406 per active participant
2022$1,375 per active participant

American Systems Corporation's 2024 employer contribution ran below the $4,294 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 · Plan administrator$137,935
TI TRUST · Trustee$80,000
STOUT RISIUS ROSS · Valuation$37,500
COHN REZNICK · Accounting / audit$21,630
DIRECT CONNECT GROUP · Participant communication$8,637

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$287,272 · 0.09%
2023$277,104 · 0.09%
2022$271,114 · 0.09%
All plans at this employer2
AMERICAN SYSTEMS CORPORATION EMPLOYEE SAVINGS AND SECURITY 401(K) PLAN401(k)
AMERICAN SYSTEMS CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 540962497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.