Plan Ledger DOL Form 5500 · updated monthly

American Thermal Instruments, Inc.401(k)

AMERICAN THERMAL INSTRUMENTS, INC./MICROTEK LABORATORIES, INC. 401(K) PROFIT SHARING PLAN · DAYTON, OH · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

American Thermal Instruments, Inc. reported $24,588 in plan administrative expenses for 2023: 0.37% of average plan assets, below the peer median. Employer contributions averaged $2,322 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 has held roughly steady near 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,307th of 3,295), and 10,188th of 13,661 in manufacturing. In 2023, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,984,650
Participants with balances101
Active participants65
Employer contributions$150,916
Employee contributions$406,495
Employer contribution per active participant$2,322
Average account balance$69,155
Benefits paid to participants$778,152
Plan auditUnmodified (clean) audit opinion
AuditorHAMMERMAN GRAFM HUGHES & COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$7.0M · 101 accts · $151K emplr
2022$6.3M · 124 accts · $155K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,813
Trustee / custodial$3,296
Total administrative$24,588
The American Thermal Instruments, Inc. 401(k) match · 2023
Employer contribution per active participant$2,322
Median for plans this size$1,308
2023$2,322 per active participant
2022$2,217 per active participant

American Thermal Instruments, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
DYNAMIC PENSION SERVICES, INC. · Contract administrator$11,616
TWG BENEFITS, INC.$9,676

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

Administrative cost history2
2023$24,588 · 0.37%
2022$24,800 · 0.36%
Similar plansManufacturing · Ohio
St Marys Foundry LTD OH$7.0M · 0.71%
Berlin Gardens, LLC OH$7.0M · 0.31%
Mullet Cabinet, Inc. OH$6.9M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311009609 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.