Plan Ledger DOL Form 5500 · updated monthly

Legal Services Alabama, Inc.401(k)

LEGAL SERVICES ALABAMA, INC. 401(K) PLAN · MONTGOMERY, AL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Legal Services Alabama, Inc. reported $3,622 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $636 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 rose from 0.07% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Alabama (778th of 902), and 10,757th of 11,654 in professional & technical services. In 2024, employees put in $1.08 for every $1.00 the employer contributed; active participation has grown from 103 to 120 since 2022.

Plan summary
Net assets, end of year$2,357,836
Participants with balances139
Active participants120
Employer contributions$76,295
Employee contributions$82,663
Employer contribution per active participant$636
Average account balance$16,963
Benefits paid to participants$63,776
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 139 accts · $76K emplr
2023$2.0M · 156 accts · $88K emplr
2022$1.6M · 121 accts · $1K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,622
Total administrative$3,622
The Legal Services Alabama, Inc. 401(k) match · 2024
Employer contribution per active participant$636
Median for plans this size$1,313
2024$636 per active participant
2023$890 per active participant
2022$10 per active participant

Legal Services Alabama, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$2,466

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$3,622 · 0.16%
2023$1,185 · 0.07%
2022$1,092 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Alabama
Ranger Land Systems, Inc. AL$3.4M · 1.39%
Swj Technology, LLC AL$1.1M · 1.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630743038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.