Plan Ledger DOL Form 5500 · updated monthly

Amico Holding Company, Inc.401(k)

AMICO HOLDING COMPANY 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Amico Holding Company, Inc. reported $86,352 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,819 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 0.33% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 260th-largest of 902 plans among Alabama employers on file, and the 5,158th of 13,661 in manufacturing. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,835,063
Participants with balances282
Active participants277
Employer contributions$780,976
Employee contributions$1,447,127
Employer contribution per active participant$2,819
Average account balance$88,068
Benefits paid to participants$2,042,177
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 282 accts · $781K emplr
2023$20.9M · 265 accts · $732K emplr
2022$17.3M · 236 accts · $616K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,147
Investment management$48,205
Total administrative$86,352
The Amico Holding Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,819
Median for plans this size$2,416
2024$2,819 per active participant
2023$2,741 per active participant
2022$2,444 per active participant

Amico Holding Company, Inc.'s 2024 employer contribution ran above 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
ALLIANT RETIREMENT SERVICES · Investment advisory (plan)$38,900
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,146
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,306

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$86,352 · 0.38%
2023$69,958 · 0.37%
2022$63,858 · 0.33%
Same employer
Similar plansManufacturing · Alabama
Fastening Solutions, Inc. AL$25.2M · 0.33%
Plasman Corp. LLC AL$25.1M · 0.20%
Auto Custom Carpets, Inc. AL$24.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275247345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.