Plan Ledger DOL Form 5500 · updated monthly

Hoffman Media LLC401(k)

HOFFMAN MEDIA, LLC 401(K) PLAN · BIRMINGHAM, AL · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Hoffman Media LLC reported $19,881 in plan administrative expenses for 2023: 0.51% of average plan assets, above the peer median. Employer contributions averaged $581 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 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (677th of 902), and 4,044th of 5,215 in retail trade. In 2023, employees put in $7.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,023,490
Participants with balances115
Active participants100
Employer contributions$58,062
Employee contributions$426,417
Employer contribution per active participant$581
Average account balance$34,987
Benefits paid to participants$675,556
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 90 accts · $48K emplr
2023$4.0M · 115 accts · $58K emplr
2022$3.7M · 115 accts · $57K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,881
Total administrative$19,881
The Hoffman Media LLC 401(k) match · 2023
Employer contribution per active participant$581
Median for plans this size$1,308
2024$507 per active participant
2023$581 per active participant
2022$548 per active participant

Hoffman Media LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MAYFAIR ADVISORY GROUP, LLC · Investment advisory (plan)$13,234

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$21,228 · 0.53%
2023$19,881 · 0.51%
2022$21,606 · 0.54%
Similar plansRetail Trade · Alabama
Royal Automotive, Inc. AL$4.7M · 0.41%
Jack Ingram Motors, Inc. AL$4.6M · 0.36%
Med-South, Inc. AL$3.9M · 1.65%
Carlisle Medical, Inc. AL$3.9M · 0.70%
Ats Operating, LLC AL$3.8M · 1.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201199063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.