Plan Ledger DOL Form 5500 · updated monthly

Bhate Environmental Associates, Inc.401(k)

BHATE ENVIRONMENTAL ASSOCIATES EMPLOYEES 401K SAFE HARBOR PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Bhate Environmental Associates, Inc. reported $5,726 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,073 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 0.039%. 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 360th-largest of 902 plans among Alabama employers on file, and 6,544th of 11,654 in professional & technical services. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 134 to 119 since 2022.

Plan summary
Net assets, end of year$15,132,651
Participants with balances169
Active participants119
Employer contributions$365,708
Employee contributions$595,310
Employer contribution per active participant$3,073
Average account balance$89,542
Benefits paid to participants$1,325,620
Plan auditUnmodified (clean) audit opinion
AuditorCOKER AND COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 169 accts · $366K emplr
2023$13.9M · 180 accts · $368K emplr
2022$12.3M · 174 accts · $370K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,133
Trustee / custodial$593
Total administrative$5,726
The Bhate Environmental Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,073
Median for plans this size$2,416
2024$3,073 per active participant
2023$2,647 per active participant
2022$2,765 per active participant

Bhate Environmental Associates, 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
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$5,134

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$5,726 · 0.04%
2023$2,275 · 0.02%
2022$5,100 · 0.04%
Similar plansProfessional & Technical Services · Alabama
Aerie Aerospace LLC AL$16.4M · 0.44%
Aetos Systems, Inc. AL$15.6M · 0.45%
Vali Incorporated AL$15.6M · 0.08%
Higherechelon, Inc. AL$14.8M · 0.57%
Beshenich Muir & Associates AL$14.1M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631035702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.