Plan Ledger DOL Form 5500 · updated monthly

Dixie Electric Company, Inc.401(k)

DIXIE ELECTRIC COMPANY, INC. 401(K) PLAN · MONTGOMERY, AL · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Dixie Electric Company, Inc. reported $73,833 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,088 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 0.98% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Alabama (478th of 902), and 332nd of 412 in utilities. In 2024, employees put in $2.42 for every $1.00 the employer contributed; active participation has grown from 236 to 361 since 2022.

Plan summary
Net assets, end of year$9,463,687
Participants with balances294
Active participants361
Employer contributions$392,900
Employee contributions$951,850
Employer contribution per active participant$1,088
Average account balance$32,189
Benefits paid to participants$622,819
Plan auditUnmodified (clean) audit opinion
AuditorALDRIDGE, BORDEN & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 294 accts · $393K emplr
2023$7.8M · 251 accts · $290K emplr
2022$5.6M · 188 accts · $163K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,720
Investment management$44,566
Trustee / custodial$2,547
Total administrative$73,833
The Dixie Electric Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,088
Median for plans this size$1,313
2024$1,088 per active participant
2023$934 per active participant
2022$689 per active participant

Dixie Electric Company, Inc.'s 2024 employer contribution ran below the $1,313 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
NEWPORT GROUP, INC. · Recordkeeping$26,720
BUCKINGHAM ASSET MANAGEMENT, LLC · Investment advisory (plan)$44,566

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$73,833 · 0.85%
2023$60,170 · 0.89%
2022$55,388 · 0.98%
Same employer
Similar plansUtilities · Alabama
Utili-Serve, LLC NC$9.8M · 0.82%
The Lake Doctors, Inc. FL$9.7M · 0.68%
Reliance Energy Inc TX$9.7M · 0.43%
Spiniello Companies NJ$9.5M · 0.14%
United Telephone Company TN$9.2M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630279539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.