Plan Ledger DOL Form 5500 · updated monthly

Classic Coal Sales, Inc.401(k)

CLASSIC COAL SALES, INC. 401(K) PLAN · BLUEFIELD, VA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Classic Coal Sales, Inc. reported $31,349 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $2,441 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 0.26% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Virginia (1,541st of 2,266), and 443rd of 612 in mining, oil & gas extraction. In 2024, employees put in $1.04 for every $1.00 the employer contributed; active participation has grown from 163 to 219 since 2022.

Plan summary
Net assets, end of year$8,776,037
Participants with balances207
Active participants219
Employer contributions$534,568
Employee contributions$554,743
Employer contribution per active participant$2,441
Average account balance$42,396
Benefits paid to participants$1,419,308
Plan auditUnmodified (clean) audit opinion
AuditorBROWN EDWARDS AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 207 accts · $535K emplr
2023$8.1M · 189 accts · $383K emplr
2022$7.6M · 176 accts · $383K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,764
Investment management$14,585
Total administrative$31,349
The Classic Coal Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$2,441
Median for plans this size$1,313
2024$2,441 per active participant
2023$2,201 per active participant
2022$2,349 per active participant

Classic Coal Sales, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
BENEFIT PLANS ADMIN SERVICES · Recordkeeping · Trustee (directed)$31,349

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES
2023BENEFIT PLANS ADMIN SERVICES

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

Administrative cost history3
2024$31,349 · 0.37%
2023$23,599 · 0.30%
2022$20,955 · 0.26%
Similar plansMining, Oil & Gas Extraction · Virginia
The Brink's Company VA$508.3M · 0.09%
Luck Stone Corporation VA$174.5M · 0.14%
Kyanite Mining Corporation VA$26.4M · 0.26%
Akita Equipment Corp CO$8.8M · 0.41%
Morrow Renewables, LLC TX$8.8M · 0.31%
Rango, Inc. AZ$8.8M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311219500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.