Plan Ledger DOL Form 5500 · updated monthly

Books-A-Million, Inc.401(k)

BOOKS-A-MILLION, INC. 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Books-A-Million, Inc. reported $159,700 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $218 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 0.55% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 182nd-largest of 902 plans among Alabama employers on file, and the 787th of 5,215 in retail trade. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has grown from 3,564 to 3,968 since 2022.

Plan summary
Net assets, end of year$40,243,281
Participants with balances1,235
Active participants3,968
Employer contributions$863,730
Employee contributions$2,487,674
Employer contribution per active participant$218
Average account balance$32,586
Benefits paid to participants$3,993,957
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.2M · 1,235 accts · $864K emplr
2023$35.2M · 1,369 accts · $537K emplr
2022$31.0M · 1,438 accts · $583K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,700
Total administrative$159,700
The Books-A-Million, Inc. 401(k) match · 2024
Employer contribution per active participant$218
Median for plans this size$2,416
2024$218 per active participant
2023$178 per active participant
2022$164 per active participant

Books-A-Million, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$159,675

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$159,700 · 0.42%
2023$161,786 · 0.49%
2022$193,806 · 0.55%
Same employer
Similar plansRetail Trade · Alabama
Hibbett, Inc. AL$59.0M · 0.39%
L & M Supply, Inc. MN$40.4M · 0.40%
Thompsongas, LLC MD$40.3M · 0.48%
Roman Health Ventures, Inc. NY$39.9M · 0.44%
Sam Ash Music Corporation NY$39.9M · 0.49%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 630798460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.