Plan Ledger DOL Form 5500 · updated monthly

Kassouf & Co., Inc.401(k)

KASSOUF & CO., P. C. 401(K) PROFIT SHARING RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Kassouf & Co., Inc. reported $74,942 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $4,106 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 0.37% to 0.31%. 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 256th-largest of 902 plans among Alabama employers on file, and the 4,736th of 11,654 in professional & technical services. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 94 to 106 since 2022.

Plan summary
Net assets, end of year$25,127,856
Participants with balances143
Active participants106
Employer contributions$435,214
Employee contributions$902,765
Employer contribution per active participant$4,106
Average account balance$175,719
Benefits paid to participants$1,428,066
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.1M · 143 accts · $435K emplr
2023$22.7M · 134 accts · $395K emplr
2022$17.5M · 114 accts · $383K emplr
Administrative expenses, itemized · 2024
Investment management$74,942
Total administrative$74,942
The Kassouf & Co., Inc. 401(k) match · 2024
Employer contribution per active participant$4,106
Median for plans this size$2,416
2024$4,106 per active participant
2023$3,560 per active participant
2022$4,071 per active participant

Kassouf & Co., Inc.'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 · 20243
SAVANT WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$54,658
SMITH, DUKES & BUCKALEW, LLP · Accounting / audit$13,500
MATRIX TRUST COMPANY · Custodial · Custodial (securities)$6,784

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$74,942 · 0.31%
2023$66,611 · 0.33%
2022$66,174 · 0.37%
Similar plansProfessional & Technical Services · Alabama
A-P-T Research, Inc AL$33.1M · 0.20%
Therapy Brands Thrive, LLC AL$31.6M · 0.47%
Cory Watson, P.C. AL$27.3M · 0.16%
Gan Corporation AL$24.4M · 0.10%
Premployer, Inc. AL$23.3M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630590670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.