Plan Ledger DOL Form 5500 · updated monthly

Aspen Products, Inc.401(k)

ASPEN PRODUCTS, INC. 401(K) PLAN · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Aspen Products, Inc. reported $171,056 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,096 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 0.82% to 0.87%. 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 574th-largest of 1,393 plans among Missouri employers on file, and the 5,672nd of 13,661 in manufacturing. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 504 to 557 since 2022.

Plan summary
Net assets, end of year$21,388,584
Participants with balances520
Active participants557
Employer contributions$610,563
Employee contributions$897,340
Employer contribution per active participant$1,096
Average account balance$41,132
Benefits paid to participants$739,446
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 520 accts · $611K emplr
2023$17.8M · 508 accts · $548K emplr
2022$14.4M · 511 accts · $535K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,950
Investment management$69,546
Total administrative$171,056
The Aspen Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,096
Median for plans this size$2,416
2024$1,096 per active participant
2023$1,114 per active participant
2022$1,062 per active participant

Aspen Products, 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
SUMMIT INVESTMENT ADVISORS INC · Investment advisory (participants)$69,546

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$171,056 · 0.87%
2023$138,133 · 0.86%
2022$131,188 · 0.82%
Same employer
Similar plansManufacturing · Missouri
American Plastics, LLC MO$21.9M · 1.49%
Sinclair and Rush, Inc. MO$21.8M · 0.46%
Ridewell Corporation MO$21.6M · 0.24%
Aspeq Heating Group LLC MO$21.4M · 0.50%
Moly-Cop USA LLC MO$21.1M · 0.36%
Vance Brothers, Inc. MO$21.1M · 0.43%
Foam Supplies, Inc. MO$20.8M · 0.39%
Zoltek Corporation MO$20.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480874966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.