Plan Ledger DOL Form 5500 · updated monthly

Animax Designs, Inc.401(k)

ANIMAX DESIGNS, INC. · NASHVILLE, TN · plan year 2022

Reported admin expense ratio · 2022
1.06%

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

Animax Designs, Inc. reported $30,687 in plan administrative expenses for 2022: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,725 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 fell from 1.15% to 1.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Tennessee (1,237th of 1,496), and 1,082nd of 1,311 in arts, entertainment & recreation. In 2022, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,838,409
Participants with balances134
Active participants113
Employer contributions$194,908
Employee contributions$386,396
Employer contribution per active participant$1,725
Average account balance$21,182
Benefits paid to participants$140,151
Plan auditUnmodified (clean) audit opinion
AuditorMSL, P.A.
Plan history2
Yearassets · accounts · employer contribution
2022$2.8M · 134 accts · $195K emplr
2020$2.8M · 129 accts · $233K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$29,881
Investment management$806
Total administrative$30,687
The Animax Designs, Inc. 401(k) match · 2022
Employer contribution per active participant$1,725
Median for plans this size$1,114
2022$1,725 per active participant
2020$1,609 per active participant

Animax Designs, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$30,687 · 1.06%
2020$27,730 · 1.15%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 621412556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.