Plan Ledger DOL Form 5500 · updated monthly

Asahi/America, Inc401(k)

ASAHI/AMERICA 401(K) PLAN · LAWRENCE, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Asahi/America, Inc reported $18,476 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,622 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 0.075% to 0.080%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,155th-largest of 2,726 plans among Massachusetts employers on file, and the 1,623rd of 4,246 in wholesale trade. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,142,440
Participants with balances276
Active participants193
Employer contributions$892,098
Employee contributions$1,346,898
Employer contribution per active participant$4,622
Average account balance$87,473
Benefits paid to participants$3,207,219
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER, PLIC
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 276 accts · $892K emplr
2023$21.8M · 252 accts · $688K emplr
2022$18.5M · 223 accts · $614K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,476
Investment management$11,900
Total administrative$18,476
The Asahi/America, Inc 401(k) match · 2024
Employer contribution per active participant$4,622
Median for plans this size$2,416
2024$4,622 per active participant
2023$3,697 per active participant
2022$3,183 per active participant

Asahi/America, Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
CARON AND BLETZER$11,900

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$18,476 · 0.08%
2023$16,438 · 0.08%
2022$15,050 · 0.08%
Same employer
Similar plansWholesale Trade · Massachusetts
Twins Enterprise, Inc. MA$26.8M · 0.33%
Catania-Spagna Corporation MA$26.3M · 0.10%
Rhode Island Novelty MA$24.7M · 0.13%
Pierce Aluminum Co., Inc. MA$23.6M · 0.09%
Rex Lumber Company MA$22.9M · 0.47%
Yusen Associates, Inc. MA$22.8M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042621836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.