Plan Ledger DOL Form 5500 · updated monthly

Hargrove Holding Company, Inc.ESOP

HARGROVE HOLDING COMPANY, INC TEAMMATE STOCK OWNERSHIP PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Hargrove Holding Company, Inc. reported $235,748 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,733 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 1 year on file its reported administrative ratio rose from 0.29% to 0.36%. 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 99th-largest of 902 plans among Alabama employers on file, and the 1,976th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$73,266,213
Participants with balances2,704
Active participants2,069
Employer contributions$5,653,656
Employee contributions—
Employer contribution per active participant$2,733
Average account balance$27,095
Benefits paid to participants$4,399,842
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI & COMPANY, P.S.C
Plan history2
Yearassets · accounts · employer contribution
2024$73.3M · 2,704 accts · $5.7M emplr
2023$56.2M · 2,525 accts · $5.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,067
Investment management$24,277
Total administrative$235,748
Employer contributions to the Hargrove Holding Company, Inc. plan · 2024
Employer contribution per active participant$2,733
Median for plans this size$3,635
2024$2,733 per active participant
2023$2,594 per active participant

Hargrove Holding Company, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20246
PRINCIPAL · Plan administrator$85,352
SHAREHOLDER STRATEGIES, INC. · Valuation$61,403
ARGENT TRUST · Trustee · Trustee (discretionary)$38,354
CHARLES SCHWAB · Other services$24,277
HARDING SHYMANSKI & CO · Accounting / audit$16,360
EMPLOYEE-OWNED S CORPORATIONS OF AM · Other services$10,000

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

Administrative cost history2
2024$235,748 · 0.36%
2023$176,984 · 0.29%
Same employer
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Lyons & Company, Inc. AL$79.9M · 1.09%
Dese Research, Inc. AL$70.7M · 0.12%
Starnes Davis Florie LLP AL$65.1M · 0.41%
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Source: U.S. Department of Labor, Form 5500 series, EIN 881092407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.