Plan Ledger DOL Form 5500 · updated monthly

Red Diamond, Inc.401(k)

RED DIAMOND, INC. RETIREMENT SAVINGS PLAN · MOODY, AL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Red Diamond, Inc. reported $71,911 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,670 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 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 351st-largest of 902 plans among Alabama employers on file, and 2,280th of 4,246 in wholesale trade. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,878,132
Participants with balances175
Active participants145
Employer contributions$387,143
Employee contributions$1,081,376
Employer contribution per active participant$2,670
Average account balance$90,732
Benefits paid to participants$1,245,108
Plan auditUnmodified (clean) audit opinion
AuditorPEARCE, BEVILL, LEESBURG & MOORE
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 175 accts · $387K emplr
2023$13.9M · 184 accts · $149K emplr
2022$11.2M · 198 accts · $472K emplr
The Red Diamond, Inc. 401(k) match · 2024
Employer contribution per active participant$2,670
Median for plans this size$2,416
2024$2,670 per active participant
2023$978 per active participant
2022$3,235 per active participant

Red Diamond, 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
WAVERLY ADVISORS, LLC · Pension consulting · Investment advisory (participants)$71,911

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$71,911 · 0.48%
2023$65,115 · 0.52%
2022$55,984 · 0.47%
Same employer
Similar plansWholesale Trade · Alabama
McGriff Industries, Inc. AL$19.7M · 0.26%
Gabriella White, LLC AL$13.4M · 0.62%
Sabel Steel Service, Inc. AL$13.1M · 0.48%
Turner Supply Company AL$13.0M · 0.30%
Overseas Hardwoods Company AL$12.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630060590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.