Plan Ledger DOL Form 5500 · updated monthly

Birmingham Hide & Tallow Co., Inc.401(k)

BIRMINGHAM HIDE & TALLOW CO., INC. PROFIT SHARING PLAN & TRUST · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Birmingham Hide & Tallow Co., Inc. reported $101,807 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,550 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 rose from 0.61% to 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 341st-largest of 902 plans among Alabama employers on file, and the 715th of 2,534 in administrative & support services. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,527,782
Participants with balances144
Active participants102
Employer contributions$260,050
Employee contributions$175,962
Employer contribution per active participant$2,550
Average account balance$114,776
Benefits paid to participants$534,538
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 144 accts · $260K emplr
2023$14.3M · 145 accts · $500K emplr
2022$11.8M · 159 accts · $500K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,807
Total administrative$101,807
The Birmingham Hide & Tallow Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,550
Median for plans this size$2,416
2024$2,550 per active participant
2023$5,435 per active participant
2022$5,263 per active participant

Birmingham Hide & Tallow Co., 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,606
MERRILL LYNCH · Investment advisory (participants) · Insurance servicesindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$101,807 · 0.66%
2023$84,649 · 0.65%
2022$78,514 · 0.61%
Similar plansAdministrative & Support Services · Alabama
Galactic, Inc. AL$32.1M · 0.88%
Pbs Aso, LLC AL$17.2M · 1.20%
Guardian Credit Union AL$14.0M · 0.20%
Onin Staffing LLC AL$9.2M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630418843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.