American Bulk Commodities, Inc. 401(k) Review & Grade
American Bulk Commodities Retirement Savings Plan
Youngstown, OHTransportation & Warehousing825 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$940Employer $ per active participant
$2,179Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$28.6MNet plan assets, end of year
$47,428Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost3.4 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 13th |
| Employee saving | 33th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($13,022 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- American Bulk Commodities put in about $940 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.69% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $775,418 |
| Participant (employee) contributions | $1,797,728 |
| Other contributions (incl. rollovers in) | $4,033 |
| Administrative expenses paid from the plan | $194,367 |
| Contract administrator fees | $140,896 |
| Investment advisory & management fees | $53,471 |
| Benefits paid out | $5,447,861 |
| Net assets, start / end of year | $28.1M / $28.6M |
| Active participants, start / end of year | 836 / 814 |
| Participants with account balances | 603 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill Barth & King, LLC |
Largest service providers (Schedule C)
| Ami Benefit Plan Administrators, in | $140,896 reported compensation |
| Scott S Duko | $53,471 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141659NAL0004802497001, received 2025-10-15, EIN 34-1336167, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.