Plan Ledger DOL Form 5500 · updated monthly

American Tank & Vessel, Inc.401(k)

AMERICAN TANK & VESSEL, INC. 401(K) RETIREMENT PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

American Tank & Vessel, Inc. reported $611 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,552 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 0.002% to 0.002%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 188th-largest of 902 plans among Alabama employers on file, and the 1,264th of 5,337 in construction. In 2024, employees put in $4.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,879,989
Participants with balances290
Active participants193
Employer contributions$299,618
Employee contributions$1,319,036
Employer contribution per active participant$1,552
Average account balance$134,069
Benefits paid to participants$4,042,143
Plan auditUnmodified (clean) audit opinion
AuditorWILKINS MILLER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 290 accts · $300K emplr
2023$35.1M · 287 accts · $116K emplr
2022$30.0M · 295 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$611
Total administrative$611
The American Tank & Vessel, Inc. 401(k) match · 2024
Employer contribution per active participant$1,552
Median for plans this size$2,416
2024$1,552 per active participant
2023$606 per active participant
2022$1,788 per active participant

American Tank & Vessel, Inc.'s 2024 employer contribution ran below 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 · 20242
KESTRA INVESTMENT SERVICES 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 history3
2024$611 · 0.00%
2023$3,305 · 0.01%
2022$637 · 0.00%
Same employer
Similar plansConstruction · Alabama
Scott Bridge Company, Inc. AL$30.6M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630830023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.