Plan Ledger DOL Form 5500 · updated monthly

Automatic Fire Protection, Inc.401(k)

AUTOMATIC FIRE PROTECTION, INC. 401(K) PLAN · SAN ANGELO, TX · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Automatic Fire Protection, Inc. reported $53,468 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,854 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 3 years on file its reported administrative ratio has held roughly steady near 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (3,300th of 5,688), and 3,311th of 5,337 in construction. In 2024, employees put in $1.48 for every $1.00 the employer contributed; active participation has grown from 140 to 183 since 2022.

Plan summary
Net assets, end of year$8,552,130
Participants with balances209
Active participants183
Employer contributions$339,201
Employee contributions$501,669
Employer contribution per active participant$1,854
Average account balance$40,919
Benefits paid to participants$1,626,636
Plan auditUnmodified (clean) audit opinion
AuditorCONDLEY & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 209 accts · $339K emplr
2023$8.3M · 190 accts · $407K emplr
2022$6.7M · 116 accts · $264K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,468
Total administrative$53,468
The Automatic Fire Protection, Inc. 401(k) match · 2024
Employer contribution per active participant$1,854
Median for plans this size$1,313
2024$1,854 per active participant
2023$2,608 per active participant
2022$1,885 per active participant

Automatic Fire Protection, Inc.'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
JULY BUSINESS SERVICES · Contract administrator$6,301

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$53,468 · 0.63%
2023$64,704 · 0.86%
2022$46,953 · 0.64%
Same employer
Similar plansConstruction · Texas
Ftc Solar, Inc. TX$8.8M · 0.07%
Tri Dal, LLC TX$8.6M · 0.24%
Troy Construction, LLC TX$8.5M · 1.28%
Csa Construction, Inc. TX$8.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751332165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.