Plan Ledger DOL Form 5500 · updated monthly

Athens Distributing Company of Memphis401(k)

ATHENS DISTRIBUTING COMPANY OF MEMPHIS 401(K) RETIREMENT PLAN · MEMPHIS, TN · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

Athens Distributing Company of Memphis reported $78,668 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,332 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 rose from 0.82% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Tennessee (831st of 1,496), and 2,915th of 4,246 in wholesale trade. In 2023, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,014,596
Participants with balances115
Active participants103
Employer contributions$240,162
Employee contributions$591,113
Employer contribution per active participant$2,332
Average account balance$87,083
Benefits paid to participants$236,676
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $202K emplr
2023$10.0M · 115 accts · $240K emplr
2022$8.2M · 109 accts · $219K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$78,668
Total administrative$78,668
The Athens Distributing Company of Memphis 401(k) match · 2023
Employer contribution per active participant$2,332
Median for plans this size$1,308
2023$2,332 per active participant
2022$2,256 per active participant

Athens Distributing Company of Memphis's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$37,784
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$2,175
FIRST HORIZON ADVISORS INC · Investment advisory (plan)$38,806

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

Recordkeeper by year2
2024ACUFF & ASSOCIATES, INC, Ascensus, Transamerica
2023Ascensus, Transamerica

This plan has changed recordkeepers within these filings. If you left Athens Distributing Company of Memphis before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$78,668 · 0.86%
2022$79,356 · 0.82%
Similar plansWholesale Trade · Tennessee
Chemical Services, Inc. TN$13.3M · 0.56%
Eagle Distributing Company TN$13.2M · 0.42%
Lee-Smith, Inc. TN$10.2M · 0.09%
Det Distributing Company TN$9.4M · 1.04%
Khs America, Inc. TN$9.1M · 0.46%
Mta Distributors, Inc. TN$8.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620787770 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.