Plan Ledger DOL Form 5500 · updated monthly

American Truetzschler, Inc.401(k)

AMERICAN TRUETZSCHLER, INC. PROFIT SHARING AND RETIREMENT SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

American Truetzschler, Inc. reported $38,824 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $4,067 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 0.25% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 882nd-largest of 2,005 plans among North Carolina employers on file, and 7,099th of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,977,972
Participants with balances104
Active participants103
Employer contributions$418,886
Employee contributions$836,858
Employer contribution per active participant$4,067
Average account balance$144,019
Benefits paid to participants$1,604,026
Plan auditUnmodified (clean) audit opinion
AuditorHOBBS, CROSSLEY, BENEFIELD & CRAVEN
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 104 accts · $419K emplr
2023$13.9M · 104 accts · $369K emplr
2022$13.5M · 112 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,824
Total administrative$38,824
The American Truetzschler, Inc. 401(k) match · 2024
Employer contribution per active participant$4,067
Median for plans this size$2,416
2024$4,067 per active participant
2023$3,801 per active participant
2022$3,488 per active participant

American Truetzschler, Inc.'s 2024 employer contribution ran above 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$38,824

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$38,824 · 0.27%
2023$35,037 · 0.26%
2022$35,528 · 0.25%
Same employer
Similar plansManufacturing · North Carolina
Cgr Products Inc. NC$15.3M · 0.34%
Barrday Corp. NC$15.2M · 0.02%
Wright of Thomasville, Inc. NC$14.9M · 0.46%
Box-Board Products, Inc. NC$14.8M · 0.48%
Avgol America, Inc. NC$14.7M · 0.50%
Schunk Intec Inc. NC$14.7M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560932757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.