Plan Ledger DOL Form 5500 · updated monthly

Aqua-Chem, Inc.401(k)

AQUA-CHEM, INC. RETIREMENT & SAVINGS PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Aqua-Chem, Inc. reported $21,971 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,736 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 0.17% to 0.15%. 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 644th-largest of 1,496 plans among Tennessee employers on file, and the 6,808th of 13,661 in manufacturing. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 191 to 256 since 2022.

Plan summary
Net assets, end of year$16,007,783
Participants with balances311
Active participants256
Employer contributions$700,429
Employee contributions$1,422,238
Employer contribution per active participant$2,736
Average account balance$51,472
Benefits paid to participants$2,593,054
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 311 accts · $700K emplr
2023$14.2M · 267 accts · $596K emplr
2022$11.8M · 240 accts · $506K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,531
Investment management$17,440
Total administrative$21,971
The Aqua-Chem, Inc. 401(k) match · 2024
Employer contribution per active participant$2,736
Median for plans this size$2,416
2024$2,736 per active participant
2023$2,613 per active participant
2022$2,651 per active participant

Aqua-Chem, 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 · 20242
NEWSQUARE CAPITAL LLC · Investment advisory (plan)$17,440
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,531

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$21,971 · 0.15%
2023$25,370 · 0.20%
2022$23,109 · 0.17%
Same employer
Similar plansManufacturing · Tennessee
Schmiede Corporation TN$16.6M · 0.00%
Sanderson Pipe Corporation TN$16.2M · 0.65%
Copperweld Bimetallics LLC TN$15.8M · 0.02%
Kelvion Products Inc. TN$15.7M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204036248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.