Plan Ledger DOL Form 5500 · updated monthly

Axios Industrial Maintenance Contractors, Inc.401(k)

AIMCON EMPLOYEES 401(K) PLAN · THE WOODLANDS, TX · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Axios Industrial Maintenance Contractors, Inc. reported $33,593 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $459 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 0.79% to 0.88%. 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 (4,254th of 5,688), and 4,185th of 5,337 in construction. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has shrunk from 945 to 738 since 2022.

Plan summary
Net assets, end of year$4,171,537
Participants with balances154
Active participants738
Employer contributions$338,698
Employee contributions$746,831
Employer contribution per active participant$459
Average account balance$27,088
Benefits paid to participants$865,722
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 154 accts · $339K emplr
2023$3.4M · 123 accts · $326K emplr
2022$2.5M · 133 accts · $408K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,936
Investment management$17,657
Total administrative$33,593
The Axios Industrial Maintenance Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$459
Median for plans this size$1,313
2024$459 per active participant
2023$597 per active participant
2022$431 per active participant

Axios Industrial Maintenance Contractors, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$12,404
EMPOWER ADVISORY GROUP, LLC · Investment management$5,253

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$33,593 · 0.88%
2023$25,384 · 0.86%
2022$18,928 · 0.79%
Similar plansConstruction · Texas
Drake Interiors, Inc. TX$4.3M · 0.21%
Fox Industries, LLC TX$4.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751221220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.