Plan Ledger DOL Form 5500 · updated monthly

American Welding Society403(b)

AMERICAN WELDING SOCIETY 403(B) RETIREMENT PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

American Welding Society reported $41,809 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $6,254 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 0.21% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 960th-largest of 3,644 plans among Florida employers on file, and the 884th of 3,341 in other services. In 2024, the employer put in $1.00 for every $1.00 employees contributed themselves; active participation has grown from 139 to 159 since 2022.

Plan summary
Net assets, end of year$24,588,311
Participants with balances216
Active participants159
Employer contributions$994,415
Employee contributions$991,582
Employer contribution per active participant$6,254
Average account balance$113,835
Benefits paid to participants$733,062
Plan auditDisclaimer of opinion
AuditorBDO USA PC
Plan history3
Yearassets · accounts · employer contribution
2024$24.6M · 216 accts · $994K emplr
2023$20.6M · 215 accts · $796K emplr
2022$17.5M · 197 accts · $760K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,838
Investment management$9,971
Total administrative$41,809
Employer contributions to the American Welding Society plan · 2024
Employer contribution per active participant$6,254
Median for plans this size$2,416
2024$6,254 per active participant
2023$5,135 per active participant
2022$5,467 per active participant

American Welding Society's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP INC · Recordkeeping$31,838
AMERIPRISE FINANCIAL SERVICES, INC. · Other services$9,971

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$41,809 · 0.19%
2023$40,548 · 0.21%
2022$40,894 · 0.21%
Same employer
Similar plansOther Services · Florida
Softserve, Inc. FL$25.9M · 0.41%
Sma Healthcare, Inc. FL$25.6M · 0.29%
Reimagined Parking, Inc FL$24.6M · 0.29%
Cosmo International Corp FL$22.8M · 0.19%
Terran Orbital Corporation FL$22.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 130434890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.