Plan Ledger DOL Form 5500 · updated monthly

Answers in Genesis, Inc.401(k)

ANSWERS IN GENESIS, INC. 401(K) SALARY REDUCTION PLAN & TRUST · HEBRON, KY · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Answers in Genesis, Inc. reported $73,702 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $175 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 0.61% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 417th-largest of 871 plans among Kentucky employers on file, and the 1,462nd of 3,341 in other services. In 2024, employees put in $6.47 for every $1.00 the employer contributed; active participation has grown from 952 to 1,068 since 2022.

Plan summary
Net assets, end of year$12,350,126
Participants with balances568
Active participants1,068
Employer contributions$186,972
Employee contributions$1,209,811
Employer contribution per active participant$175
Average account balance$21,743
Benefits paid to participants$1,292,619
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 568 accts · $187K emplr
2023$10.6M · 504 accts · $159K emplr
2022$8.0M · 434 accts · $141K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,757
Investment management$39,945
Trustee / custodial$2,000
Total administrative$73,702
The Answers in Genesis, Inc. 401(k) match · 2024
Employer contribution per active participant$175
Median for plans this size$2,416
2024$175 per active participant
2023$153 per active participant
2022$148 per active participant

Answers in Genesis, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$31,833
WACKER & ASSOCIATES, INC. · Investment advisory (plan)$39,945

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$73,702 · 0.64%
2023$56,655 · 0.61%
2022$50,273 · 0.61%
Similar plansOther Services · Kentucky
S & S Firestone, Inc. KY$17.0M · 0.53%
Airway Group LLC KY$13.8M · 0.30%
Ivy Technology, LLC KY$10.5M · 0.84%
Sitex Corporation KY$5.2M · 1.16%
Aegis Sortation LLC KY$4.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330596423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.