Plan Ledger DOL Form 5500 · updated monthly

Buddy Moore Trucking, Inc.401(k)

BUDDY MOORE TRUCKING, INC. 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Buddy Moore Trucking, Inc. reported $37,464 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,132 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 0.73% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Alabama (556th of 902), and 1,433rd of 2,677 in transportation & warehousing. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,698,967
Participants with balances188
Active participants253
Employer contributions$286,385
Employee contributions$549,723
Employer contribution per active participant$1,132
Average account balance$35,633
Benefits paid to participants$726,744
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 188 accts · $286K emplr
2023$6.0M · 183 accts · $299K emplr
2022$5.5M · 193 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,185
Investment management$2,661
Trustee / custodial$29,618
Total administrative$37,464
The Buddy Moore Trucking, Inc. 401(k) match · 2024
Employer contribution per active participant$1,132
Median for plans this size$1,313
2024$1,132 per active participant
2023$1,263 per active participant
2022$1,127 per active participant

Buddy Moore Trucking, Inc.'s 2024 employer contribution ran below the $1,313 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 · Participant communication$5,185
RENASANT BANK · Trustee · Investment advisory (plan)$31,894

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$37,464 · 0.59%
2023$26,153 · 0.46%
2022$42,470 · 0.73%
Same employer
Similar plansTransportation & Warehousing · Alabama
McElroy Truck Lines, Inc AL$9.9M · 0.01%
Montgomery Transport, LLC AL$8.1M · 1.20%
Glovis Alabama, LLC AL$7.4M · 1.45%
J & M Tank Lines, Inc. AL$6.7M · 0.14%
Br Williams Trucking Inc AL$5.9M · 0.80%
Alabama Motor Express AL$5.6M · 0.14%
Robbie D. Wood, Inc. AL$5.5M · 0.03%
Segers Aero Corporation AL$5.3M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631238482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.