Plan Ledger DOL Form 5500 · updated monthly

Atlantic American Corporation401(k)

ATLANTIC AMERICAN CORPORATION 401(K) RETIREMENT SAVINGS PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Atlantic American Corporation reported $50,838 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $6,283 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 0.20% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 684th-largest of 2,160 plans among Georgia employers on file, and 2,452nd of 4,798 in finance & insurance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,184,119
Participants with balances215
Active participants158
Employer contributions$992,722
Employee contributions$1,334,003
Employer contribution per active participant$6,283
Average account balance$135,740
Benefits paid to participants$1,510,805
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 215 accts · $993K emplr
2023$24.9M · 217 accts · $912K emplr
2022$23.0M · 204 accts · $824K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,838
Total administrative$50,838
The Atlantic American Corporation 401(k) match · 2024
Employer contribution per active participant$6,283
Median for plans this size$2,416
2024$6,283 per active participant
2023$5,736 per active participant
2022$5,725 per active participant

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

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,838

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$50,838 · 0.19%
2023$53,131 · 0.22%
2022$53,930 · 0.20%
Same employer
Similar plansFinance & Insurance · Georgia
Thomasville National Bank GA$33.4M · 0.09%
Morris Bank GA$31.9M
Angel Oak Companies LP GA$28.8M · 0.28%
Angel Oak Companies GA$28.4M · 0.45%
Breckenridge Is, Inc. GA$26.3M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 581027114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.