Ayr Strategies, Inc. 401(k) Review & Grade
Ayr Strategies Retirement Plan
Miami, FLManufacturing1,915 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,242Employer $ per active participant
$2,337Employee $ saved per active participant
2.08%Direct admin cost, % of plan assets
$19.8MNet plan assets, end of year
$6,186Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 1th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ayr Strategies put in about $1,242 per active participant, below the typical peer ($2,320). 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 (2.08% 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.
- 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 | $2,377,521 |
| Participant (employee) contributions | $4,475,683 |
| Other contributions (incl. rollovers in) | $474,785 |
| Administrative expenses paid from the plan | $361,589 |
| Contract administrator fees | $213,119 |
| Investment advisory & management fees | $148,470 |
| Benefits paid out | $4,155,941 |
| Net assets, start / end of year | $15.0M / $19.8M |
| Active participants, start / end of year | 1,818 / 2,012 |
| Participants with account balances | 3,201 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boris Benic & Associates LLP |
Largest service providers (Schedule C)
| PCS Retirement, LLC | $213,205 reported compensation |
| Abg Consultants | $148,470 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015093827NAL0005681968001, received 2025-10-15, EIN 98-1500584, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.