Aim Leasing Company, Inc. 401(k) Review & Grade
Aim Leasing Company, Inc. 401(k) Plan
Girard, OHReal Estate & Rental950 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$794Employer $ per active participant
$2,855Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$32.1MNet plan assets, end of year
$55,675Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 56th |
| Employee saving | 40th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $85,739 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aim Leasing Company put in about $794 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $754,686 |
| Participant (employee) contributions | $2,712,256 |
| Other contributions (incl. rollovers in) | $638,980 |
| Administrative expenses paid from the plan | $57,432 |
| Benefits paid out | $4,835,303 |
| Net assets, start / end of year | $28.7M / $32.1M |
| Active participants, start / end of year | 953 / 947 |
| Participants with account balances | 577 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill Barth & King LLC |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $57,432 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001135905NAL0013328033001, received 2025-10-01, EIN 34-6528857, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.