Employers › American Axle & Manufacturing › plan 004
Recordkeeping fees per participant · American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-rate Associates · plan year 2024
$52.29
Higher than 53% of the 1,697 plans $250M to 1B that report it.
= $172,123 / 3,292
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009221646NAL0007539137003, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137003, received 2025-10-09
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 2025-10-09.
Administrative expenses excluding investment management, per participant
$75.83
Higher than 59% of the 2,324 plans $250M to 1B that report it.
= $249,628 / 3,292
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009221646NAL0007539137003, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137003, received 2025-10-09
Administrative expenses per participant
$75.83
Higher than 41% of the 2,405 plans $250M to 1B that report it.
= $249,628 / 3,292
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137003, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137003, received 2025-10-09
Administrative expenses as a share of assets
0.097%
Higher than 65% of the 2,407 plans $250M to 1B that report it.
= $249,628 / $257,935,571
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137003, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009221646NAL0007539137003, received 2025-10-09
Employer contributions per participant
$1,060
Higher than 8% of the 2,457 plans $250M to 1B that report it.
= $3,489,786 / 3,292
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137003, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137003, received 2025-10-09
Employer share of total contributions
26.6%
Higher than 35% of the 2,459 plans $250M to 1B that report it.
= $3,489,786 / $13,109,699
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137003, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009221646NAL0007539137003, received 2025-10-09
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009221646NAL0007539137003, received 2025-10-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AMERICAN AXLE & MANUFACTURING, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Plan name | AMERICAN AXLE & MANUFACTURING, INC. PERSONAL SAVINGS PLAN FOR HOURLY-RATE ASSOCIATES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Sponsor EIN / plan number | 38-3138388 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Sponsor location | DETROIT, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Industry (business code) | 336300, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Participants, beginning of year | 5,231 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Active participants | 3,824 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Participants, end of year | 4,861 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Participants with an account balance | 3,292 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total assets, beginning of year | $244,876,264 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total assets, end of year | $257,935,571 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Net assets, end of year | $257,935,571 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total income | $45,084,914 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Net income | $13,804,788 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Employer contributions | $3,489,786 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Participant contributions | $8,649,118 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Other contributions (incl. rollovers) | $970,795 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total contributions | $13,109,699 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Benefit payments | $30,971,106 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $31,280,126 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Total administrative expenses | $249,628 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Recordkeeping fees | $172,123 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| IQPA audit fees | $16,350 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Administrative expenses excluding investment management | $249,628 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Held in common/collective trusts | $123,449,355 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Held in mutual funds | $111,478,218 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009221646NAL0007539137003, received 2025-10-09 |
| Independent auditor | GJC CPA'S & ADVISORS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009221646NAL0007539137003, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009221646NAL0007539137003, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INV. INST. OPER. CO.recordkeeper | RECORDKEEPER | 64 Recordkeeping fees; 65 Account maintenance fees; 37 Participant loan processing | $138,816 | yes |
| STIFEL, NICOLAUS & COMPANY INC. | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $19,643 | no |
| GJC CPA'S & ADVISORS | AUDITOR | 50 Direct payment from the plan; 10 Accounting (including auditing) | $16,350 | no |
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 20251009221646NAL0007539137003, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $244,876,264 | $257,935,571 | 5.3% |
| Participants with a balance | 3,359 | 3,292 | -2.0% |
| Administrative expenses | $291,431 | $249,628 | -14.3% |
| Recordkeeping fees per participant | $54.17 | $52.29 | -3.5% |
| Employer contributions | $3,542,694 | $3,489,786 | -1.5% |
Prior filing 20241013081118NAL0012347155002, received 2024-10-13; the plan years are contiguous.