Plan Ledger DOL Form 5500 · updated monthly

Axon Pressure Products, Inc.401(k)

AXON PRESSURE PRODUCTS, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.53%

Axon Pressure Products, Inc. reported $46,331 in plan administrative expenses for 2024: 0.53% of average plan assets, above the peer median. 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 0.53%. 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 Texas (3,211th of 5,688), and 9,209th of 13,661 in manufacturing. active participation has grown from 95 to 136 since 2022.

Plan summary
Net assets, end of year$9,047,096
Participants with balances112
Active participants136
Employer contributions—
Employee contributions$401,963
Employer contribution per active participant—
Average account balance$80,778
Benefits paid to participants$617,427
Plan auditUnmodified (clean) audit opinion
AuditorPANNELL, KERR FOSTER OF TEXAS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 112 accts
2023$8.3M · 123 accts
2022$7.5M · 111 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,597
Investment management$12,456
Audit (IQPA)$12,278
Total administrative$46,331
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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$46,331

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$46,331 · 0.53%
2023$42,988 · 0.54%
2022$44,076 · 0.52%
Same employer
Similar plansManufacturing · Texas
Ward Timber, LTD TX$9.2M · 0.14%
Packless Industries TX$9.1M · 0.42%
Sandenvendo America, Inc. TX$9.1M · 0.05%
Staley Steele LLC TX$9.0M · 0.14%
Teasdale Foods Inc. TX$9.0M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272022374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.