Plan Ledger DOL Form 5500 · updated monthly

Big Springs, Inc.401(k)

BIG SPRINGS/CHAMBERS 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Big Springs, Inc. reported $57,076 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,246 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 0.11% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 430th-largest of 902 plans among Alabama employers on file, and 8,200th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,447,432
Participants with balances152
Active participants156
Employer contributions$350,383
Employee contributions$607,904
Employer contribution per active participant$2,246
Average account balance$75,312
Benefits paid to participants$484,756
Plan auditUnmodified (clean) audit opinion
AuditorFOWLER, HOLLEY, RAMBO & STAVLEY
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 152 accts · $350K emplr
2023$9.6M · 176 accts · $210K emplr
2022$7.7M · 166 accts · $214K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,741
Investment management$33,335
Total administrative$57,076
The Big Springs, Inc. 401(k) match · 2024
Employer contribution per active participant$2,246
Median for plans this size$2,416
2024$2,246 per active participant
2023$1,242 per active participant
2022$1,510 per active participant

Big Springs, Inc.'s 2024 employer contribution ran below 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$23,741
PINNACLE BANK · Trustee$33,335

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,076 · 0.54%
2023$9,774 · 0.11%
2022Not separately reported
Similar plansManufacturing · Alabama
Kykenkee AL$11.8M · 0.80%
Steward Machine Co., Inc. AL$11.6M · 0.03%
Beyond Gravity USA, Inc. AL$11.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630106433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.