Plan Ledger DOL Form 5500 · updated monthly

10 Below, LLC401(k)

10 BELOW, LLC 401(K) PLAN · BIRMINGHAM, AL · plan year 2023

Reported admin expense ratio · 2023
1.75%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

10 Below, LLC reported $21,431 in plan administrative expenses for 2023: 1.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $653 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 2.03% to 1.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (833rd of 902), and 4,833rd of 5,215 in retail trade. In 2023, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,424,081
Participants with balances96
Active participants178
Employer contributions$116,158
Employee contributions$214,438
Employer contribution per active participant$653
Average account balance$14,834
Benefits paid to participants$57,157
Plan auditUnmodified (clean) audit opinion
AuditorHIGHLANDS ACCOUNTING GROUP, INC
Plan history2
Yearassets · accounts · employer contribution
2023$1.4M · 96 accts · $116K emplr
2022$1.0M · 109 accts · $116K emplr
The 10 Below, LLC 401(k) match · 2023
Employer contribution per active participant$653
Median for plans this size$1,308
2023$653 per active participant
2022$648 per active participant

10 Below, LLC's 2023 employer contribution ran below the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
WAVERLY ADVISORS. LLC · Pension consulting · Investment advisory (participants)$21,431

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$21,431 · 1.75%
2022$19,728 · 2.03%
Similar plansRetail Trade · Alabama
Champion Chevrolet, Inc. AL$1.9M · 0.80%
Bruce Management, Inc. AL$1.7M · 1.74%
Serra Chevrolet, Inc. AL$1.4M · 0.44%
Renfroe, Inc. AL$1.3M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473405757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.