Ameriqual Group, LLC 401(k) Review & Grade
Ameriqual 401(k) Plan
Evansville, INMining, Oil & Gas777 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,345Employer $ per active participant
$3,833Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$51.0MNet plan assets, end of year
$60,334Average balance per account
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost23.6 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 95th |
| Employee saving | 14th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Ameriqual Group put in about $2,345 per active participant, below the typical peer ($4,357). 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 | $1,821,842 |
| Participant (employee) contributions | $2,978,536 |
| Other contributions (incl. rollovers in) | $4,019 |
| Administrative expenses paid from the plan | $10,990 |
| Investment advisory & management fees | $10,619 |
| Benefits paid out | $4,222,425 |
| Net assets, start / end of year | $43.4M / $51.0M |
| Active participants, start / end of year | 660 / 894 |
| Participants with account balances | 846 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $10,619 reported compensation |
| RSM US LLP | $5,218 reported compensation |
| Fidelity Investments Institutional | −$4,763 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807155033NAL0004425520001, received 2025-08-07, EIN 35-2110138, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.