Plan Ledger DOL Form 5500 · updated monthly

Davidson Technologies, Inc.401(k)

DAVIDSON TECHNOLOGIES, INC. 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Davidson Technologies, Inc. reported $199,537 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,199 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 0.23% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 112th-largest of 902 plans among Alabama employers on file, and the 2,218th of 11,654 in professional & technical services. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has shrunk from 266 to 205 since 2022.

Plan summary
Net assets, end of year$64,578,450
Participants with balances388
Active participants205
Employer contributions$2,705,741
Employee contributions$2,790,637
Employer contribution per active participant$13,199
Average account balance$166,439
Benefits paid to participants$10,701,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.6M · 388 accts · $2.7M emplr
2023$60.3M · 412 accts · $3.5M emplr
2022$52.1M · 419 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$199,537
Total administrative$199,537
The Davidson Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$13,199
Median for plans this size$3,635
2024$13,199 per active participant
2023$13,637 per active participant
2022$10,340 per active participant

Davidson Technologies, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$199,536
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)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$199,537 · 0.32%
2023$184,883 · 0.33%
2022$131,965 · 0.23%
All plans at this employer2
DAVIDSON TECHNOLOGIES, INC. 401(K) PLAN401(k)
DAVIDSON TECHNOLOGIES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 631160545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.