Plan Ledger DOL Form 5500 · updated monthly

Daxko, LLC401(k)

DAXKO, LLC 401(K) RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Daxko, LLC reported $236,367 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,614 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 0.44% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 170th-largest of 902 plans among Alabama employers on file, and the 3,152nd of 11,654 in professional & technical services. In 2024, employees put in $2.66 for every $1.00 the employer contributed; active participation has shrunk from 650 to 579 since 2022.

Plan summary
Net assets, end of year$42,574,026
Participants with balances811
Active participants579
Employer contributions$1,513,631
Employee contributions$4,018,983
Employer contribution per active participant$2,614
Average account balance$52,496
Benefits paid to participants$3,472,129
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 811 accts · $1.5M emplr
2023$34.8M · 770 accts · $1.5M emplr
2022$26.8M · 808 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,070
Investment management$144,297
Total administrative$236,367
The Daxko, LLC 401(k) match · 2024
Employer contribution per active participant$2,614
Median for plans this size$2,416
2024$2,614 per active participant
2023$2,574 per active participant
2022$2,038 per active participant

Daxko, LLC's 2024 employer contribution ran above 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 · 20242
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan) · Investment management$144,297

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$236,367 · 0.61%
2023$171,770 · 0.56%
2022$121,610 · 0.44%
Same employer
Similar plansProfessional & Technical Services · Alabama
Penta Research, Inc. AL$44.6M · 0.40%
Trideum Corporation AL$44.1M · 0.33%
Canvas, Inc. AL$42.9M · 0.28%
Decibel Research, Inc. AL$41.3M · 0.00%
Otelco Telephone LLC AL$39.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631262193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.