Plan Ledger DOL Form 5500 · updated monthly

Blackburn, Childers & Steagall, PLC401(k)

BLACKBURN, CHILDERS & STEAGALL 401K PROFIT SHARING PLAN · JOHNSON CITY, TN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Blackburn, Childers & Steagall, PLC reported $62,686 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,171 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 0.08% to 0.35%. 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 566th-largest of 1,496 plans among Tennessee employers on file, and the 5,696th of 11,654 in professional & technical services. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,264,921
Participants with balances132
Active participants130
Employer contributions$412,202
Employee contributions$919,501
Employer contribution per active participant$3,171
Average account balance$145,946
Benefits paid to participants$785,746
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 132 accts · $412K emplr
2023$16.4M · 122 accts · $393K emplr
2022$13.5M · 116 accts · $379K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,509
Investment management$61,177
Total administrative$62,686
The Blackburn, Childers & Steagall, PLC 401(k) match · 2024
Employer contribution per active participant$3,171
Median for plans this size$2,416
2024$3,171 per active participant
2023$3,025 per active participant
2022$3,082 per active participant

Blackburn, Childers & Steagall, PLC'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 · 20243
BCS WEALTH MANAGEMENT LLC · Investment advisory (plan)$44,562
PURSHE KAPLAN STERLING INV · Investment advisory (plan)$16,615

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$62,686 · 0.35%
2023$19,388 · 0.13%
2022$11,475 · 0.08%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Pophealthcare, LLC TN$20.0M · 0.50%
Codescience, Inc. TN$19.0M · 0.48%
Inova Payroll, Inc. TN$18.5M · 0.72%
Perfectserve, Inc. TN$18.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620647474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.