Plan Ledger DOL Form 5500 · updated monthly

Beckett Air Incorporated401(k)

BECKETT AIR INCORPORATED 401K RETIREMENT SAVINGS PLAN · ELYRIA, OH · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Beckett Air Incorporated reported $1,725 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,301 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 0.02% to 0.04%. 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 Ohio (2,558th of 3,295), and 11,268th of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has shrunk from 138 to 123 since 2022.

Plan summary
Net assets, end of year$4,872,736
Participants with balances115
Active participants123
Employer contributions$160,083
Employee contributions$290,210
Employer contribution per active participant$1,301
Average account balance$42,372
Benefits paid to participants$553,083
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 115 accts · $160K emplr
2023$4.4M · 110 accts · $142K emplr
2022$3.7M · 113 accts · $81K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,725
Total administrative$1,725
The Beckett Air Incorporated 401(k) match · 2024
Employer contribution per active participant$1,301
Median for plans this size$1,313
2024$1,301 per active participant
2023$1,151 per active participant
2022$586 per active participant

Beckett Air Incorporated's 2024 employer contribution ran below 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,725
AMERIPRISE FINANCIAL SERVICES INCindirect comp

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$1,725 · 0.04%
2023$1,825 · 0.05%
2022$975 · 0.02%
Same employer
Similar plansManufacturing · Ohio
Co-Ax Technology OH$5.1M · 0.06%
Superior Production LLC OH$5.0M · 0.49%
Gray America Corp. OH$4.9M · 0.81%
Extrudex Aluminum Inc. OH$4.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341586645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.