Plan Ledger DOL Form 5500 · updated monthly

Asi Acquisition LLC D/B/A Acoustical Sheetmetal Co.401(k)

ACOUSTICAL SHEETMETAL CO. 401(K) PLAN · VIRGINIA BEACH, VA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Asi Acquisition LLC D/B/A Acoustical Sheetmetal Co. reported $21,941 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $1,838 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 0.39% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Virginia (1,662nd of 2,266), and 10,171st of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 198 to 324 since 2022.

Plan summary
Net assets, end of year$7,001,112
Participants with balances222
Active participants324
Employer contributions$595,489
Employee contributions$1,047,148
Employer contribution per active participant$1,838
Average account balance$31,537
Benefits paid to participants$701,366
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 222 accts · $595K emplr
2023$5.5M · 161 accts · $359K emplr
2022$4.1M · 126 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,061
Investment management$14,880
Total administrative$21,941
The Asi Acquisition LLC D/B/A Acoustical Sheetmetal Co. 401(k) match · 2024
Employer contribution per active participant$1,838
Median for plans this size$1,313
2024$1,838 per active participant
2023$1,326 per active participant
2022$1,501 per active participant

Asi Acquisition LLC D/B/A Acoustical Sheetmetal Co.'s 2024 employer contribution ran above the $1,313 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
CARY STREET PARTNERS INVESTMENT ADV · Investment advisory (plan)$14,880

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$21,941 · 0.35%
2023$15,948 · 0.33%
2022$15,202 · 0.39%
Same employer
Similar plansManufacturing · Virginia
Conmat Group, Inc. VA$8.0M · 0.26%
B-Squared Medical, LLC VA$7.3M · 0.43%
Applied Felts, Inc. VA$7.1M · 1.00%
Tegra LLC VA$6.6M · 0.72%
Premiere Fibers, LLC VA$6.1M · 0.72%
Oak Hall Industries, LP VA$6.0M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833041028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.