Plan Ledger DOL Form 5500 · updated monthly

Cb&S Bank401(k)

CB&S BANK 401(K) PROFIT SHARING PLAN · RUSSELLVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Cb&S Bank reported $83,659 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $7,340 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 0.30% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 177th-largest of 902 plans among Alabama employers on file, and the 1,903rd of 4,798 in finance & insurance. In 2024, the employer put in $1.80 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$41,761,187
Participants with balances560
Active participants502
Employer contributions$3,684,863
Employee contributions$2,046,556
Employer contribution per active participant$7,340
Average account balance$74,574
Benefits paid to participants$5,170,371
Plan auditUnmodified (clean) audit opinion
AuditorMAUDLIN & JENKINS CPAS & ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 560 accts · $3.7M emplr
2023$35.4M · 1,036 accts · $1.5M emplr
2022$29.3M · 774 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,734
Investment management$20,175
Audit (IQPA)$12,750
Total administrative$83,659
The Cb&S Bank 401(k) match · 2024
Employer contribution per active participant$7,340
Median for plans this size$2,416
2024$7,340 per active participant
2023$3,077 per active participant
2022$2,824 per active participant

Cb&S Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20246
EMPOWER ANNUNITY INS. CO. OF AMERIC · Recordkeeping$16,417
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,595
FNBB CAPITAL MARKETS · Investment advisory (plan)$27,664
FNBB CAPITAL MARKETS · Investment advisory (plan)$20,175
MAULDIN & JENKINS LLC · Accounting / audit$12,750
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$83,659 · 0.22%
2023$81,432 · 0.25%
2022$98,335 · 0.30%
Same employer
Similar plansFinance & Insurance · Alabama
Max Credit Union AL$57.3M · 0.06%
Bank Independent AL$45.9M · 0.46%
Troy Bank & Trust Company AL$42.8M · 0.02%
Discovery Life Sciences AL$39.6M · 0.26%
Bryant Bank AL$38.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630041560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.