Plan Ledger DOL Form 5500 · updated monthly

American Associated Pharmacies401(k)

AMERICAN ASSOCIATED PHARMACIES SAVINGS PLAN · SCOTTSBORO, AL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

American Associated Pharmacies reported $66,978 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,247 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 435th-largest of 902 plans among Alabama employers on file, and 7,610th of 11,654 in professional & technical services. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 156 to 235 since 2022.

Plan summary
Net assets, end of year$11,273,104
Participants with balances122
Active participants235
Employer contributions$293,050
Employee contributions$657,510
Employer contribution per active participant$1,247
Average account balance$92,402
Benefits paid to participants$656,410
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 122 accts · $293K emplr
2023$9.7M · 111 accts · $267K emplr
2022$7.7M · 107 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,350
Investment management$39,628
Total administrative$66,978
The American Associated Pharmacies 401(k) match · 2024
Employer contribution per active participant$1,247
Median for plans this size$2,416
2024$1,247 per active participant
2023$1,517 per active participant
2022$1,612 per active participant

American Associated Pharmacies's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
REGIONS BANK · Investment advisory (plan)$39,628
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$27,350

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

Administrative cost history3
2024$66,978 · 0.64%
2023$52,440 · 0.60%
2022$50,112 · 0.62%
Same employer
Similar plansProfessional & Technical Services · Alabama
Spectrum Solutions, Inc. AL$12.3M · 0.50%
Victory Solutions, Inc. AL$12.2M · 0.04%
Theranest, LLC AL$11.9M · 0.99%
Tidwell Group, LLC AL$11.6M · 0.47%
Spectrum Solutions, Inc. AL$11.1M · 0.50%
Trinova, Inc. AL$10.9M · 0.35%
Oasys, Inc. AL$10.8M · 0.23%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 270457933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.