Plan Ledger DOL Form 5500 · updated monthly

Applied Mechanical Systems, Inc.401(k)

APPLIED MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · DAYTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Applied Mechanical Systems, Inc. reported $45,585 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $654 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 4 years on file its reported administrative ratio fell from 0.31% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,330th-largest of 3,295 plans among Ohio employers on file, and the 2,029th of 5,337 in construction. In 2024, employees put in $7.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,806,524
Participants with balances223
Active participants195
Employer contributions$127,580
Employee contributions$1,004,305
Employer contribution per active participant$654
Average account balance$88,818
Benefits paid to participants$1,206,982
Plan auditUnmodified (clean) audit opinion
AuditorBARNES, DENNIG & CO., LTD.
Plan history5
Yearassets · accounts · employer contribution
2024$19.8M · 223 accts · $128K emplr
2023$17.6M · 228 accts · $122K emplr
2022$15.1M · 233 accts · $124K emplr
2021$17.3M · 230 accts · $120K emplr
2020$15.4M · 235 accts · $291K emplr
Administrative expenses, itemized · 2024
Investment management$19,283
Trustee / custodial$26,302
Total administrative$45,585
The Applied Mechanical Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$654
Median for plans this size$2,416
2024$654 per active participant
2023$629 per active participant
2022$641 per active participant
2021$599 per active participant
2020$1,472 per active participant

Applied Mechanical Systems, 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 · 20244
IRONSHORE FINANCIAL, LLC$18,000
TWG BENEFITS, INC.$13,347
DYNAMIC PENSION SERVICES, INC. · Contract administrator$7,135
MATRIX TRUST COMPANY · Custodial (securities)$7,103

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

Administrative cost history5
2024$45,585 · 0.24%
2023$42,052 · 0.26%
2022$41,865 · 0.26%
2021$48,668 · 0.30%
2020$44,400 · 0.31%
Same employer
Similar plansConstruction · Ohio
McNational, Inc. OH$21.8M · 0.13%
K. West Group, LLC OH$21.5M · 0.43%
Wmog, Inc. OH$19.4M · 0.29%
Waibel Energy Systems, Inc. OH$19.3M · 0.42%
Air Force One, LLC OH$19.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310846401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.