Plan Ledger DOL Form 5500 · updated monthly

Owen-Adams Inc dba Overhead Door Company401(k)

OWEN-ADAMS, INC. DBA OVERHEAD DOOR COMPANY OF DALLAS-RESIDENTIAL 401(K) · CARROLLTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Owen-Adams Inc dba Overhead Door Company reported $55,372 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,859 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 0.32% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,264th-largest of 5,688 plans among Texas employers on file, and the 1,733rd of 5,215 in retail trade. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,790,878
Participants with balances161
Active participants153
Employer contributions$437,449
Employee contributions$964,655
Employer contribution per active participant$2,859
Average account balance$104,291
Benefits paid to participants$1,731,991
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 161 accts · $437K emplr
2023$15.4M · 160 accts · $445K emplr
2022$13.3M · 151 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,372
Total administrative$55,372
The Owen-Adams Inc dba Overhead Door Company 401(k) match · 2024
Employer contribution per active participant$2,859
Median for plans this size$2,416
2024$2,859 per active participant
2023$3,093 per active participant
2022$1,617 per active participant

Owen-Adams Inc dba Overhead Door Company'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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,372

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$55,372 · 0.34%
2023$48,137 · 0.34%
2022$46,137 · 0.32%
Same employer
Similar plansRetail Trade · Texas
Pack Automotive Group TX$18.5M · 0.57%
Star Furniture Company TX$17.0M · 0.47%
Lux Enterprises, Inc. TX$16.9M · 0.40%
Jerry's Gm, LLC TX$16.9M · 0.05%
Lewis Food Town, Inc. TX$16.4M · 0.58%
Ccj & Associates, LLC TX$15.9M · 0.09%
Tarrytown Expocare LLC TX$15.0M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472655277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.