Plan Ledger DOL Form 5500 · updated monthly

Phifer Incorporated401(k)

PHIFER RETIREMENT AND 401(K) SAVINGS PLAN · TUSCALOOSA, AL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Phifer Incorporated reported $44,607 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,706 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 0.02% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 45th-largest of 902 plans among Alabama employers on file, and the 1,233rd of 13,661 in manufacturing. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$183,996,166
Participants with balances1,295
Active participants1,132
Employer contributions$5,327,366
Employee contributions$6,760,053
Employer contribution per active participant$4,706
Average account balance$142,082
Benefits paid to participants$19,113,063
Plan auditUnmodified (clean) audit opinion
AuditorWAY, RAY, SHELTON & CO
Plan history3
Yearassets · accounts · employer contribution
2024$184.0M · 1,295 accts · $5.3M emplr
2023$170.7M · 1,324 accts · $5.2M emplr
2022$158.2M · 1,359 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,675
Investment management$4,932
Total administrative$44,607
The Phifer Incorporated 401(k) match · 2024
Employer contribution per active participant$4,706
Median for plans this size$3,635
2024$4,706 per active participant
2023$4,486 per active participant
2022$4,210 per active participant

Phifer Incorporated's 2024 employer contribution ran above the $3,635 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
JOHN HANCOCK RETIREMENT PLAN SVCS. · Recordkeeping · Investment management$44,607
MORGAN STANLEY · 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$44,607 · 0.03%
2023$47,477 · 0.03%
2022$40,365 · 0.02%
Same employer
Similar plansManufacturing · Alabama
Am/Ns Calvert LLC AL$288.5M · 0.02%
McWane, Inc. AL$264.9M · 0.06%
The Westervelt Company AL$136.6M · 0.09%
Neptune Technology Group Inc AL$133.5M · 0.08%
Outokumpu Stainless USA, LLC AL$130.1M · 0.04%
Austal USA. LLC AL$129.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630441784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.