Plan Ledger DOL Form 5500 · updated monthly

Diab Americas LP401(k)

DIAB AMERICAS LP EMPLOYEES RETIREMENT PLAN & TRUST · DESOTO, TX · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Diab Americas LP reported $40,127 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,530 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 0.60%. 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 (3,556th of 5,688), and 10,034th of 13,661 in manufacturing. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has shrunk from 91 to 78 since 2022.

Plan summary
Net assets, end of year$7,234,109
Participants with balances99
Active participants78
Employer contributions$119,364
Employee contributions$371,480
Employer contribution per active participant$1,530
Average account balance$73,072
Benefits paid to participants$416,106
Plan auditUnmodified (clean) audit opinion
AuditorVAIL & PARK, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 99 accts · $119K emplr
2023$6.2M · 104 accts · $128K emplr
2022$6.5M · 118 accts · $141K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,200
Investment management$21,927
Total administrative$40,127
The Diab Americas LP 401(k) match · 2024
Employer contribution per active participant$1,530
Median for plans this size$1,313
2024$1,530 per active participant
2023$1,509 per active participant
2022$1,545 per active participant

Diab Americas LP'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
ASCENSUS LLC · Loan processing · Recordkeeping$18,200
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$21,927

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,127 · 0.60%
2023$41,143 · 0.65%
2022$47,804 · 0.63%
Similar plansManufacturing · Texas
Ameripipe Supply, Inc. TX$7.4M · 0.68%
Hfs Holding Corporation TX$7.4M · 0.51%
Oscor Inc. TX$7.2M · 0.56%
Variosystems, Inc. TX$7.2M · 0.45%
The Letco Group, LLC TX$7.1M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522206406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.