# Advanced Drainage Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/advanced-drainage-systems-inc-510105665-001

> Advanced Drainage Systems, INC.'s 401(k) plan: 5,249 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Advanced Drainage Systems, INC.

- **Sponsor EIN:** 510105665

- **Sponsor Address:** 4640 TRUEMAN BLVD., HILLIARD, OH, 430262438

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 5,249

- **Total Assets:** $1.1B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|5,249|$1.1B|$14.8M|$28.2M|

| 2023|4,883|$1.5B|$8.4M|$25.4M|

| 2022|4,936|$1.0B|$3.9M|$22.9M|

| 2019|3,730|$92.1M|$0|$9.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRINCIPAL LIFE INSURANCE COMPANY|Recordkeeper|$524,617|$4,537|$529,154|

| BELLWETHER CONSULTING LL|Investment Advisor|$90,000|—|$90,000|

| GBQ PARTNERS LLC|Auditor|$36,500|—|$36,500|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GBQ PARTNERS LLC](https://planprovider.pro/provider/gbq-partners-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $655,654

- **Estimated Expense Ratio:** 0.060% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$655,126|$91,608|$525,018|$36,500|—|

| 2023|$634,654|$41,000|$592,054|—|—|

| 2022|$695,365|—|$695,365|—|—|

| 2019|$677,762|$5,361|$302,413|—|$369,988|

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