Plan Ledger DOL Form 5500 · updated monthly

Bullard Management Corporation401(k)

BULLARD MANAGEMENT CORPORATION 401(K) SAVINGS PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Bullard Management Corporation reported $45,576 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $656 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 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (530th of 902), and 3,115th of 5,215 in retail trade. In 2024, employees put in $5.57 for every $1.00 the employer contributed; active participation has grown from 187 to 212 since 2022.

Plan summary
Net assets, end of year$7,716,787
Participants with balances121
Active participants212
Employer contributions$139,100
Employee contributions$774,377
Employer contribution per active participant$656
Average account balance$63,775
Benefits paid to participants$757,751
Plan auditUnmodified (clean) audit opinion
AuditorSMITH DUKES
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 121 accts · $139K emplr
2023$6.8M · 120 accts · $126K emplr
2022$5.4M · 110 accts · $106K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,166
Investment management$23,410
Total administrative$45,576
The Bullard Management Corporation 401(k) match · 2024
Employer contribution per active participant$656
Median for plans this size$1,313
2024$656 per active participant
2023$569 per active participant
2022$566 per active participant

Bullard Management Corporation'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
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$20,166
LEAVELL INVESTMENT MGMT · Investment advisory (plan)$23,410

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$45,576 · 0.63%
2023$39,664 · 0.65%
2022$41,120 · 0.73%
Same employer
Similar plansRetail Trade · Alabama
International Wines, Inc AL$9.6M · 0.51%
Mitchell Nissan, Inc. AL$9.1M · 0.20%
Woody Anderson Ford AL$8.9M · 0.07%
Bondy's Ford, Inc. AL$7.5M · 0.85%
Factory Connection, LLC AL$7.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630930156 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.