Plan Ledger DOL Form 5500 · updated monthly

North Alabama Fabricating Company, Inc.401(k)

NORTH ALABAMA FABRICATING COMPANY, INC. · VESTAVIA HILLS, AL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

North Alabama Fabricating Company, Inc. reported $2,858 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,759 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 0.03% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 385th-largest of 902 plans among Alabama employers on file, and 7,603rd of 13,661 in manufacturing. In 2024, the employer put in $1.77 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,342,650
Participants with balances284
Active participants266
Employer contributions$1,000,000
Employee contributions$565,215
Employer contribution per active participant$3,759
Average account balance$46,981
Benefits paid to participants$782,432
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 284 accts · $1.0M emplr
2023$11.0M · 261 accts · $500K emplr
2022$8.6M · 184 accts · $11K emplr
The North Alabama Fabricating Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,759
Median for plans this size$2,416
2024$3,759 per active participant
2023$2,033 per active participant
2022$43 per active participant

North Alabama Fabricating Company, 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$4,195

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$2,858 · 0.02%
2023$1,817 · 0.02%
2022$2,504 · 0.03%
Same employer
Similar plansManufacturing · Alabama
Cimco Refrigeration, Inc. AL$15.9M · 0.03%
Wolverine Tube, Inc. AL$13.5M · 0.78%
Baron Weather, Inc. AL$13.5M · 0.36%
Jay Industrial Repair, Inc. AL$13.3M · 0.60%
Alphapet, Inc. AL$13.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630517713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.