Plan Ledger DOL Form 5500 · updated monthly

Montgomery Baptist Outreach Services Corporation403(b)

MONTGOMERY BAPTIST OUTREACH SERVICES CORPORATION 403B PLAN · MONTGOMERY, AL · plan year 2023

Reported admin expense ratio · 2023
0.08%

Montgomery Baptist Outreach Services Corporation reported $16,623 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. 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 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 294th-largest of 902 plans among Alabama employers on file, and the 3,482nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$21,619,566
Participants with balances792
Active participants370
Employer contributions—
Employee contributions$337,115
Employer contribution per active participant—
Average account balance$27,297
Benefits paid to participants$1,536,655
Plan auditUnmodified (clean) audit opinion
AuditorJACKSON THORNTON & CO. PC
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 726 accts
2023$21.6M · 792 accts
2022$20.2M · 825 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,623
Total administrative$16,623
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 · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$15,880
VARIABLE ANNUITY LIFE INSURANCE CO · Custodial (securities) · Investment advisory (participants)$743
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$16,883 · 0.08%
2023$16,623 · 0.08%
2022$15,796 · 0.07%
Similar plansHealth Care & Social Assistance · Alabama
Norwood Clinic, Inc. AL$24.4M · 0.18%
Alabama Medical Group P.C. AL$23.8M · 0.44%
American Family Care, Inc. AL$22.7M · 0.94%
Therapy South, LLC AL$21.8M · 0.28%
Cullman Primary Care, P.C. AL$19.9M · 0.44%
Birmingham Heart Clinic, PC AL$19.4M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630813275 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.