American Leather Operations 401(k) match, vesting and fees
What American Leather Operations' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Alerus Financial NA | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| American Leather Operations: employer contribution per participant | $1,405 | |
| Peer median | $2,413 |
| American Leather Operations: average balance | $46,822 | |
| Peer median | $86,456 |
| American Leather Operations: admin expenses ÷ assets | 0.34% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $45.1M at the end of plan year 2021 to $47.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,288 | $47.7M | $1.4M | $1,405 | 0.34% | Not published | Form 5500 ↗ |
| 2023 | 1,456 | $44.6M | $1.3M | $1,138 | 0.39% | Not published | Form 5500 ↗ |
| 2022 | 1,329 | $39M | $1.5M | $1,367 | 0.21% | Not published | Form 5500 ↗ |
| 2021 | 1,408 | $45.1M | $1.3M | $1,104 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does American Leather Operations match 401(k) contributions?
The match terms for the Savings Plan for Employees of American Leather have not been published from its filing yet. The plan year 2024 filing reports $1.4M in employer contributions, about $1,405 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the American Leather Operations 401(k) match vested?
The vesting schedule for the Savings Plan for Employees of American Leather is not in the data published so far. Your Summary Plan Description states it.
Who manages the American Leather Operations 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial NA. The plan administrator is American Leather Operations, LLC.
I left American Leather Operations. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (American Leather Operations, LLC, (972) 590-9233) or the recordkeeper, Alerus Financial NA. The American Leather Operations old 401(k) page lists the contacts from every plan filing. Find an old American Leather Operations 401(k)
Data from the public Form 5500 annual reports American Leather Operations filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with American Leather Operations. Not financial advice. Report a correction · Methodology