Plan Ledger DOL Form 5500 · updated monthly

Equal Justice Initiative401(k)

EQUAL JUSTICE INITIATIVE RETIREMENT SAVINGS PLAN · MONTGOMERY, AL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Equal Justice Initiative reported $63,779 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $3,675 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 3 years on file its reported administrative ratio has held roughly steady near 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Alabama (490th of 902), and 1,758th of 3,341 in other services. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 148 to 205 since 2022.

Plan summary
Net assets, end of year$8,985,502
Participants with balances275
Active participants205
Employer contributions$753,399
Employee contributions$910,890
Employer contribution per active participant$3,675
Average account balance$32,675
Benefits paid to participants$859,564
Plan auditUnmodified (clean) audit opinion
AuditorBMSS,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 275 accts · $753K emplr
2023$7.1M · 247 accts · $642K emplr
2022$4.7M · 219 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,974
Investment management$8,805
Total administrative$63,779
The Equal Justice Initiative 401(k) match · 2024
Employer contribution per active participant$3,675
Median for plans this size$1,313
2024$3,675 per active participant
2023$3,866 per active participant
2022$3,041 per active participant

Equal Justice Initiative'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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$8,805
MORGAN STANLEY SMITH BARNEY LLCindirect comp
MORGAN STANLEY INSURANCE SERVICES Iindirect 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$63,779 · 0.79%
2023$45,989 · 0.78%
2022$29,478 · 0.76%
Same employer
Similar plansOther Services · Alabama
United Ability, Inc. AL$8.2M · 0.59%
Clearwater Solutions, LLC AL$7.2M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631135091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.