Plan Ledger DOL Form 5500 · updated monthly

Amg Enterprises LLC401(k)

AMG ENTERPRISES LLC 401(K) PROFIT SHARING PLAN & TRUST · BRANFORD, CT · plan year 2024

Reported admin expense ratio · 2024
1.89%

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

Amg Enterprises LLC reported $18,383 in plan administrative expenses for 2024: 1.89% of average plan assets, above the peer median. Employer contributions averaged $1,515 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 fell from 2.27% to 1.89%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Connecticut (1,060th of 1,106), and 3,038th of 3,341 in other services. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,161,856
Participants with balances248
Active participants112
Employer contributions$169,643
Employee contributions$285,513
Employer contribution per active participant$1,515
Average account balance$4,685
Benefits paid to participants$182,553
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.2M · 248 accts · $170K emplr
2023$784K · 192 accts · $132K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,793
Investment management$5,590
Total administrative$18,383
The Amg Enterprises LLC 401(k) match · 2024
Employer contribution per active participant$1,515
Median for plans this size$540
2024$1,515 per active participant
2023$1,408 per active participant

Amg Enterprises LLC's 2024 employer contribution ran above the $540 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
PAYCHEX, INC. · Recordkeeping$12,793
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan)$5,590

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history2
2024$18,383 · 1.89%
2023$12,740 · 2.27%
Similar plansOther Services · Connecticut
Ewc Growth Partners LLC CT$423K · 1.46%
Another Chapter LLC CT$16K · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812730196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.