Plan Ledger DOL Form 5500 · updated monthly

Assuranceamerica Corporation401(k)

ASSURANCEAMERICA CORPORATION 401(K) RETIREMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Assuranceamerica Corporation reported $69,102 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,682 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 0.48% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 873rd-largest of 2,160 plans among Georgia employers on file, and 441st of 786 in management of companies. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 248 to 372 since 2022.

Plan summary
Net assets, end of year$19,864,127
Participants with balances424
Active participants372
Employer contributions$997,666
Employee contributions$2,092,442
Employer contribution per active participant$2,682
Average account balance$46,849
Benefits paid to participants$2,284,931
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 424 accts · $998K emplr
2023$16.2M · 346 accts · $781K emplr
2022$13.9M · 350 accts · $776K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,602
Investment management$30,500
Total administrative$69,102
The Assuranceamerica Corporation 401(k) match · 2024
Employer contribution per active participant$2,682
Median for plans this size$2,416
2024$2,682 per active participant
2023$3,124 per active participant
2022$3,129 per active participant

Assuranceamerica Corporation'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,602
OSAIC WEALTH INC · Investment advisory (plan)$30,500

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$69,102 · 0.38%
2023$62,784 · 0.42%
2022$65,572 · 0.48%
Same employer
Similar plansManagement of Companies · Georgia
Techcxo, LLC GA$42.0M · 0.10%
Futuretech Holding Company GA$37.3M · 0.13%
Georgia Banking Company GA$13.8M · 0.32%
Can Capital Inc. GA$7.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870281240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.