Plan Ledger DOL Form 5500 · updated monthly

Amesbury Group, Inc.401(k)

AMESBURY GROUP, INC. RETIREMENT SAVINGS PLAN · SIOUX FALLS, SD · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Amesbury Group, Inc. reported $227,277 in plan administrative expenses for 2023: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,724 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 1 year on file its reported administrative ratio rose from 0.18% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 9th-largest of 233 plans among South Dakota employers on file, and the 1,577th of 13,661 in manufacturing. In 2023, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$129,155,277
Participants with balances1,581
Active participants1,349
Employer contributions$2,326,048
Employee contributions$6,051,899
Employer contribution per active participant$1,724
Average account balance$81,692
Benefits paid to participants$16,989,902
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $2.4M emplr
2023$129.2M · 1,581 accts · $2.3M emplr
2022$115.8M · 1,772 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$227,277
Total administrative$227,277
The Amesbury Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,724
Median for plans this size$3,659
2023$1,724 per active participant
2022$1,762 per active participant

Amesbury Group, Inc.'s 2023 employer contribution ran below the $3,659 median for plans its size, in the bottom 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$227,277
COMMONWEALTH FINANCIAL NETWORK · Investment managementindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024Not separately reported
2023$227,277 · 0.19%
2022$229,195 · 0.18%
Similar plansManufacturing · South Dakota
Poet Biorefining LLC SD$265.7M · 0.10%
Daktronics, Inc. SD$262.5M · 0.10%
Sonifi Solutions, Inc. SD$95.2M · 0.20%
Trail King Industries, Inc. SD$68.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042749818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.