Plan Ledger DOL Form 5500 · updated monthly

Americollect, Inc.401(k)

AMERICOLLECT 401(K) PLAN · MANITOWOC, WI · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Americollect, Inc. reported $76,051 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,440 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 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Wisconsin (1,185th of 1,936), and 3,792nd of 4,798 in finance & insurance. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,963,533
Participants with balances271
Active participants246
Employer contributions$354,170
Employee contributions$779,928
Employer contribution per active participant$1,440
Average account balance$44,146
Benefits paid to participants$1,219,928
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 271 accts · $354K emplr
2023$10.4M · 289 accts · $359K emplr
2022$7.9M · 302 accts · $349K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,051
Total administrative$76,051
The Americollect, Inc. 401(k) match · 2024
Employer contribution per active participant$1,440
Median for plans this size$2,416
2024$1,440 per active participant
2023$1,396 per active participant
2022$1,359 per active participant

Americollect, 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 · 20244
ASSOCIATED TRUST COMPANY, N.A. · Recordkeeping · Pension consulting$62,685
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$13,366
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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
2024ASSOCIATED TRUST COMPANY, N.A.
2023ASSOCIATED TRUST COMPANY, N.A.

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Administrative cost history3
2024$76,051 · 0.68%
2023$59,981 · 0.65%
2022$55,958 · 0.67%
Same employer
Similar plansFinance & Insurance · Wisconsin
Hometown Bancorp, LTD. WI$12.2M · 0.41%
Abbybank WI$12.1M · 0.22%
Fortifi Bank WI$11.9M · 0.22%
Premier Community Bank WI$11.3M · 0.75%
The McClone Agency, Inc. WI$11.2M · 0.55%
Simplicity Credit Union WI$10.1M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391035218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.