Plan Ledger DOL Form 5500 · updated monthly

Americas Floor Source401(k)

AMERICA'S FLOOR SOURCE PROFIT SHARING PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Americas Floor Source reported $9,231 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,851 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 0.04% to 0.07%. 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 1,565th-largest of 3,295 plans among Ohio employers on file, and the 2,398th of 5,337 in construction. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 346 to 466 since 2022.

Plan summary
Net assets, end of year$15,561,593
Participants with balances382
Active participants466
Employer contributions$862,496
Employee contributions$1,541,887
Employer contribution per active participant$1,851
Average account balance$40,737
Benefits paid to participants$1,355,462
Plan auditUnmodified (clean) audit opinion
AuditorPW PARTNERS
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 382 accts · $862K emplr
2023$12.8M · 307 accts · $698K emplr
2022$11.2M · 273 accts · $611K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,231
Total administrative$9,231
The Americas Floor Source 401(k) match · 2024
Employer contribution per active participant$1,851
Median for plans this size$2,416
2024$1,851 per active participant
2023$1,698 per active participant
2022$1,764 per active participant

Americas Floor Source'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$9,230
ADP BROKER-DEALER · Other servicesindirect comp
WELLS FARGO · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$9,231 · 0.07%
2023$7,025 · 0.06%
2022$4,265 · 0.04%
Same employer
Similar plansConstruction · Ohio
Wells Brothers, Inc. OH$15.9M · 0.13%
Oglesby Construction, Inc. OH$15.4M · 0.23%
Romanoff Electric, Inc. OH$15.3M · 1.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311708199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.