# American Equipment Co, INC. 401(k) Plan
Source: https://planprovider.pro/companies/american-equipment-co-inc-401k-plan

> American Equipment Co, INC.'s 401(k) plan: 330 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** American Equipment Co, INC.

- **Sponsor EIN:** 570541745

- **Sponsor Address:** 2106 ANDERSON ROAD, GREENVILLE, SC, 29611

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

- **Total Participants:** 330

- **Total Assets:** $38.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

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

## Plan Financials by Year

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

| 2024|330|$38.3M|$845,034|$1.8M|

| 2023|325|$34.5M|$821,289|$1.7M|

| 2022|151|$19.7M|$330,686|$783,638|

## 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|

| CLARK, SCHAEFER, HACKETT & CO.|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$66,924|$8,173|$57,251|—|—|

| 2023|$54,895|$4,811|$48,812|—|—|

| 2022|$26,588|—|—|—|—|

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