Employers › American Axle & Manufacturing › plan 005
Recordkeeping fees per participant · American Axle & Manufacturing, Inc. Salaried Savings Plan · plan year 2024
$23.52
Higher than 20% of the 1,697 plans $250M to 1B that report it.
= $63,646 / 2,706
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009221646NAL0007539137004, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137004, 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
$132.24
Higher than 87% of the 2,324 plans $250M to 1B that report it.
= $357,835 / 2,706
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009221646NAL0007539137004, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137004, received 2025-10-09
Administrative expenses per participant
$132.24
Higher than 76% of the 2,405 plans $250M to 1B that report it.
= $357,835 / 2,706
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137004, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137004, received 2025-10-09
Administrative expenses as a share of assets
0.051%
Higher than 33% of the 2,407 plans $250M to 1B that report it.
= $357,835 / $707,476,613
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137004, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009221646NAL0007539137004, received 2025-10-09
Employer contributions per participant
$6,085
Higher than 81% of the 2,457 plans $250M to 1B that report it.
= $16,464,923 / 2,706
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137004, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137004, received 2025-10-09
Employer share of total contributions
37.8%
Higher than 70% of the 2,459 plans $250M to 1B that report it.
= $16,464,923 / $43,588,016
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137004, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009221646NAL0007539137004, received 2025-10-09
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009221646NAL0007539137004, 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 20251009221646NAL0007539137004, received 2025-10-09 |
| Plan name | AMERICAN AXLE & MANUFACTURING, INC. SALARIED SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Sponsor EIN / plan number | 38-3138388 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Sponsor location | DETROIT, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Industry (business code) | 336300, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009221646NAL0007539137004, 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 20251009221646NAL0007539137004, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Participants, beginning of year | 2,811 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Active participants | 1,857 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Participants, end of year | 2,732 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Participants with an account balance | 2,706 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total assets, beginning of year | $632,721,211 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total assets, end of year | $707,476,613 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Net assets, end of year | $707,476,613 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total income | $142,203,353 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Net income | $74,009,921 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Employer contributions | $16,464,923 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Participant contributions | $23,443,650 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Other contributions (incl. rollovers) | $3,679,443 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total contributions | $43,588,016 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Benefit payments | $67,830,124 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $68,193,432 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Total administrative expenses | $357,835 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Recordkeeping fees | $63,646 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| IQPA audit fees | $16,350 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Administrative expenses excluding investment management | $357,835 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Held in common/collective trusts | $240,589,068 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Held in mutual funds | $423,271,995 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009221646NAL0007539137004, received 2025-10-09 |
| Independent auditor | GJC CPA'S & ADVISORS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009221646NAL0007539137004, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009221646NAL0007539137004, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STIFEL, NICOLAUS & COMPANY INC. | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $53,108 | no |
| FIDELITY INV. INST. OPER. CO.recordkeeper | RECORDKEEPER | 64 Recordkeeping fees; 65 Account maintenance fees; 37 Participant loan processing | $26,115 | yes |
| WILLIS TOWERS WATSON US LLC | CONSULTANT | 16 Consulting (general); 27 Investment advisory (plan); 50 Direct payment from the plan | $23,434 | no |
| DYKEMA GOSSETT PLLC | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $21,678 | no |
| GJC CPA'S & ADVISORS | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $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 20251009221646NAL0007539137004, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $632,721,211 | $707,476,613 | 11.8% |
| Participants with a balance | 2,774 | 2,706 | -2.5% |
| Administrative expenses | $416,670 | $357,835 | -14.1% |
| Recordkeeping fees per participant | $33.87 | $23.52 | -30.6% |
| Employer contributions | $15,835,888 | $16,464,923 | 4.0% |
Prior filing 20241013081118NAL0012347155003, received 2024-10-13; the plan years are contiguous.