Axios International, Inc.ESOP
AXIOS INTERNATIONAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN · GRAND RAPIDS, MI · plan year 2024
Axios International, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $19,464,248 across 347 participant accounts, with employer contributions averaging $4,077 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,056th-largest of 2,619 plans among Michigan employers on file, and the 628th of 2,534 in administrative & support services. active participation has shrunk from 159 to 138 since 2022.
Axios International, Inc.'s 2024 employer contribution ran above the $2,416 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 300031134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.