Plan Ledger DOL Form 5500 · updated monthly

Aisan Industries Kentucky401(k)

AIK 401(K) PLAN · MOUNT STERLING, KY · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Aisan Industries Kentucky reported $66,880 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $768 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 0.69%. 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 Kentucky (462nd of 871), and 8,642nd of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 374 to 483 since 2022.

Plan summary
Net assets, end of year$10,314,684
Participants with balances245
Active participants483
Employer contributions$370,834
Employee contributions$683,234
Employer contribution per active participant$768
Average account balance$42,101
Benefits paid to participants$1,067,018
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, DOYLE & HILTON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 245 accts · $371K emplr
2023$9.2M · 228 accts · $360K emplr
2022$7.7M · 237 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,988
Investment management$27,892
Total administrative$66,880
The Aisan Industries Kentucky 401(k) match · 2024
Employer contribution per active participant$768
Median for plans this size$1,313
2024$768 per active participant
2023$855 per active participant
2022$651 per active participant

Aisan Industries Kentucky'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 · 20243
BENEFITS ADMINISTRATORS, LLC · Recordkeeping$6,064
LINCOLN NATIONAL CORPORATION · Contract administrator$32,924
KEYSTONE FINANCIAL GROUP, LLC · Investment advisory (plan)$27,892

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

Recordkeeper by year2
2024BENEFITS ADMINISTRATORS, LLC
2023BENEFITS ADMINISTRATORS, LLC

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

Administrative cost history3
2024$66,880 · 0.69%
2023$58,307 · 0.69%
2022$56,831 · 0.67%
Same employer
Similar plansManufacturing · Kentucky
Hoskin & Muir, Inc. KY$10.5M · 0.51%
V.G. Reed & Sons, Inc. KY$10.4M · 0.02%
Merrick Hardwoods, Inc. KY$10.1M · 0.23%
Jewel-Craft, Inc. KY$9.9M · 0.97%
Lohmann Corporation, U.S. KY$9.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352201214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.