Plan Ledger DOL Form 5500 · updated monthly

Alabama Associated General Contractors, Inc.401(k)

ALABAMA AGC 401(K) MULTIPLE EMPLOYER PLAN · IRONDALE, AL · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Alabama Associated General Contractors, Inc. reported $69,267 in plan administrative expenses for 2023: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,568 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 2 years on file its reported administrative ratio rose from 0.55% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 423rd-largest of 902 plans among Alabama employers on file, and the 1,507th of 3,341 in other services. In 2023, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,700,298
Participants with balances130
Active participants226
Employer contributions$354,295
Employee contributions$604,479
Employer contribution per active participant$1,568
Average account balance$90,002
Benefits paid to participants$1,004,181
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 188 accts · $388K emplr
2023$11.7M · 130 accts · $354K emplr
2022$10.1M · 103 accts · $364K emplr
Administrative expenses, itemized · 2023
Investment management$30,918
Audit (IQPA)$6,000
Total administrative$69,267
The Alabama Associated General Contractors, Inc. 401(k) match · 2023
Employer contribution per active participant$1,568
Median for plans this size$2,440
2024$1,149 per active participant
2023$1,568 per active participant
2022$1,735 per active participant

Alabama Associated General Contractors, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20234
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$25,784
PINNACLE FINANCIAL SERVICES, INC · Recordkeeping · Loan processing$6,010
MORGAN STANLEY SMITH BARNEY · Investment advisory (plan)$25,336
TEMPLETON & COMPANY LLP · Accounting / audit$6,000

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

Recordkeeper by year2
2024PINNACLE FINANCIAL SERVICES, INC, Transamerica
2023PINNACLE FINANCIAL SERVICES, INC, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,936 · 0.75%
2023$69,267 · 0.63%
2022$59,227 · 0.55%
Similar plansOther Services · Alabama
Deshazo, LLC AL$29.5M · 0.36%
Jhcc Holdings LLC AL$21.5M · 0.79%
Equal Justice Initiative AL$9.0M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 636049915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.