Plan Ledger DOL Form 5500 · updated monthly

Continental Aerospace Technologies, Inc.401(k)

CONTINENTAL AEROSPACE TECHNOLOGIES, INC. 401(K) PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Continental Aerospace Technologies, Inc. reported $68,761 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,194 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 0.41% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 288th-largest of 902 plans among Alabama employers on file, and the 5,536th of 13,661 in manufacturing. In 2024, employees put in $2.78 for every $1.00 the employer contributed; active participation has grown from 155 to 173 since 2022.

Plan summary
Net assets, end of year$22,159,346
Participants with balances276
Active participants173
Employer contributions$379,514
Employee contributions$1,056,163
Employer contribution per active participant$2,194
Average account balance$80,287
Benefits paid to participants$3,884,254
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 276 accts · $380K emplr
2023$21.8M · 260 accts · $478K emplr
2022$18.2M · 229 accts · $444K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,341
Investment management$21,297
Total administrative$68,761
The Continental Aerospace Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$2,194
Median for plans this size$2,416
2024$2,194 per active participant
2023$2,813 per active participant
2022$2,862 per active participant

Continental Aerospace Technologies, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
REGIONS BANK · Investment management$31,739
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,341
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,681

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$68,761 · 0.31%
2023$76,286 · 0.38%
2022$84,972 · 0.41%
All plans at this employer2
CONTINENTAL AEROSPACE TECHNOLOGIES, INC. 401(K) PLAN401(k)
CONTINENTAL AEROSPACE TECHNOLOGIES, INC. UNION 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Alabama
Sea Wire and Cable, Inc. AL$22.3M · 0.06%
Milo's Tea Company, Inc. AL$21.8M · 0.63%
Process Equipment, Inc. AL$20.5M · 0.23%
Maples Industries, Inc. AL$18.1M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943412775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.