Plan Ledger DOL Form 5500 · updated monthly

American Family Association, Inc.401(k)

AMERICAN FAMILY ASSOCIATION, INC. 401K PLAN AND TRUST · TUPELO, MS · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

American Family Association, Inc. reported $2,925 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,738 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 fell from 0.05% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 166th-largest of 367 plans among Mississippi employers on file, and the 1,618th of 3,341 in other services. In 2024, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,431,139
Participants with balances129
Active participants124
Employer contributions$463,500
Employee contributions$519,942
Employer contribution per active participant$3,738
Average account balance$80,862
Benefits paid to participants$1,469,380
Plan auditUnmodified (clean) audit opinion
AuditorTHE SPARKS CPA FIRM, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 129 accts · $464K emplr
2023$9.6M · 129 accts · $453K emplr
2022$8.7M · 120 accts · $398K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,925
Total administrative$2,925
The American Family Association, Inc. 401(k) match · 2024
Employer contribution per active participant$3,738
Median for plans this size$2,416
2024$3,738 per active participant
2023$3,713 per active participant
2022$3,236 per active participant

American Family Association, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

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$2,925 · 0.03%
2023$1,130 · 0.01%
2022$4,869 · 0.05%
Similar plansOther Services · Mississippi
Navigator Credit Union MS$7.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640607275 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.