Plan Ledger DOL Form 5500 · updated monthly

Otelco Telephone LLC401(k)

OTELCO TELEPHONE, LLC SAVINGS TRUST · ONEONTA, AL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Otelco Telephone LLC reported $150,825 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,331 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. 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 185th-largest of 902 plans among Alabama employers on file, and the 3,324th of 11,654 in professional & technical services. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 558 to 648 since 2022.

Plan summary
Net assets, end of year$39,646,983
Participants with balances619
Active participants648
Employer contributions$1,510,774
Employee contributions$2,806,921
Employer contribution per active participant$2,331
Average account balance$64,050
Benefits paid to participants$3,609,232
Plan auditUnmodified (clean) audit opinion
AuditorBMSS,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$39.6M · 619 accts · $1.5M emplr
2023$33.2M · 512 accts · $1.2M emplr
2022$26.1M · 437 accts · $980K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$150,825
Total administrative$150,825
The Otelco Telephone LLC 401(k) match · 2024
Employer contribution per active participant$2,331
Median for plans this size$2,416
2024$2,331 per active participant
2023$1,941 per active participant
2022$1,756 per active participant

Otelco Telephone LLC's 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$150,824
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp

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$150,825 · 0.41%
2023$121,800 · 0.41%
2022$108,551 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Alabama
Daxko, LLC AL$42.6M · 0.61%
Decibel Research, Inc. AL$41.3M · 0.00%
Ai Signal Research, Inc. AL$38.9M · 0.34%
Nou Systems, Inc. AL$36.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522126398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.