Nab LLC dba Southern States Bank401(k)
SOUTHERN STATES BANK 401(K) PLAN · BIRMINGHAM, AL · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Nab LLC dba Southern States Bank reported $120,647 in plan administrative expenses for 2024: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,861 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 0.91% to 0.83%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 339th-largest of 902 plans among Alabama employers on file, and 3,330th of 4,798 in finance & insurance. In 2024, employees put in $1.76 for every $1.00 the employer contributed.
Nab LLC dba Southern States Bank'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 208866792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.