Employers › Astec Industries
Recordkeeping fees per participant · Astec Industries, Inc. 401(k) Retirement Plan · plan year 2024
$92.63
Higher than 91% of the 1,697 plans $250M to 1B that report it.
= $378,877 / 4,090
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250814131534NAL0022132162001, received 2025-08-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250814131534NAL0022132162001, received 2025-08-14
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-14.
Administrative expenses excluding investment management, per participant
$92.93
Higher than 72% of the 2,324 plans $250M to 1B that report it.
= $380,077 / 4,090
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250814131534NAL0022132162001, received 2025-08-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250814131534NAL0022132162001, received 2025-08-14
Administrative expenses per participant
$173.10
Higher than 86% of the 2,405 plans $250M to 1B that report it.
= $707,997 / 4,090
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250814131534NAL0022132162001, received 2025-08-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250814131534NAL0022132162001, received 2025-08-14
Administrative expenses as a share of assets
0.202%
Higher than 93% of the 2,407 plans $250M to 1B that report it.
= $707,997 / $350,069,041
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250814131534NAL0022132162001, received 2025-08-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250814131534NAL0022132162001, received 2025-08-14
Employer contributions per participant
$2,376
Higher than 35% of the 2,457 plans $250M to 1B that report it.
= $9,719,095 / 4,090
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250814131534NAL0022132162001, received 2025-08-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250814131534NAL0022132162001, received 2025-08-14
Employer share of total contributions
27.8%
Higher than 39% of the 2,459 plans $250M to 1B that report it.
= $9,719,095 / $35,008,380
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250814131534NAL0022132162001, received 2025-08-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250814131534NAL0022132162001, received 2025-08-14
Employer match
“For participants that are not covered by a collective bargaining agreement, the Company matches 50% of each participant's contribution up to 8% of the participant's compensation.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Participants are immediately vested in their entire account balance.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“If a participant is automatically enrolled, their contributions are invested in accordance with the default investment alternatives established under the Plan until the participant changes their election.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250814131534NAL0022132162001, received 2025-08-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ASTEC INDUSTRIES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Plan name | ASTEC INDUSTRIES, INC. 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Sponsor EIN / plan number | 62-0873631 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Sponsor location | CHATTANOOGA, TN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Industry (business code) | 324120, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Filing received | 2025-08-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Participants, beginning of year | 4,464 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Active participants | 3,173 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Participants, end of year | 4,223 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Participants with an account balance | 4,090 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total assets, beginning of year | $317,889,492 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total assets, end of year | $350,069,041 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Net assets, end of year | $350,069,041 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total income | $79,237,539 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Net income | $32,179,549 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Employer contributions | $9,719,095 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Participant contributions | $23,723,360 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Other contributions (incl. rollovers) | $1,565,925 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total contributions | $35,008,380 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Benefit payments | $46,200,727 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total expenses (incl. benefit payments) | $47,057,990 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Total administrative expenses | $707,997 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Recordkeeping fees | $378,877 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Investment advisory and management fees | $327,920 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Administrative expenses excluding investment management | $380,077 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Held in common/collective trusts | $30,270,122 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Held in mutual funds | $268,032,204 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250814131534NAL0022132162001, received 2025-08-14 |
| Independent auditor | LBMC,PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250814131534NAL0022132162001, received 2025-08-14 |
Position = column in the DOL layout for form year 2024. Filing 20250814131534NAL0022132162001, received 2025-08-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan | $378,903 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $327,920 | yes |
| OSAIC WEALTH INC | NONE | 27 Investment advisory (plan) | $54,984 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $1,200 | no |
| CHARLES SCHWAB & CO, INC. | NONE | 59 Shareholder servicing fees | $213 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250814131534NAL0022132162001, received 2025-08-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $317,889,492 | $350,069,041 | 10.1% |
| Participants with a balance | 4,206 | 4,090 | -2.8% |
| Administrative expenses | $638,763 | $707,997 | 10.8% |
| Recordkeeping fees per participant | $82.44 | $92.63 | 12.4% |
| Employer contributions | $7,826,623 | $9,719,095 | 24.2% |
Prior filing 20240924165719NAL0013088641001, received 2024-09-24; the plan years are contiguous.
Sponsor name as filed: ASTEC INDUSTRIES, INC.; SEC registrant: ASTEC INDUSTRIES INC (CIK 792987, matched by EIN; display name from the Form 11-K cover).