Plan Ledger DOL Form 5500 · updated monthly

Russell Lands, Inc.401(k)

RUSSELL LANDS 401(K) RETIREMENT SAVINGS/PROFIT SHARING PLAN · ALEXANDER CITY, AL · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Russell Lands, Inc. reported $100,805 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,438 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 0.31% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 304th-largest of 902 plans among Alabama employers on file, and the 1,981st of 5,337 in construction. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 606 to 750 since 2022.

Plan summary
Net assets, end of year$20,637,440
Participants with balances565
Active participants750
Employer contributions$1,078,172
Employee contributions$1,394,635
Employer contribution per active participant$1,438
Average account balance$36,526
Benefits paid to participants$1,439,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 565 accts · $1.1M emplr
2023$17.5M · 488 accts · $1.1M emplr
2022$15.0M · 482 accts · $737K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,627
Investment management$49,178
Total administrative$100,805
The Russell Lands, Inc. 401(k) match · 2024
Employer contribution per active participant$1,438
Median for plans this size$2,416
2024$1,438 per active participant
2023$1,689 per active participant
2022$1,216 per active participant

Russell Lands, Inc.'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,627
REGIONS BANK · Investment advisory (plan)$49,178

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$100,805 · 0.53%
2023$76,884 · 0.47%
2022$49,446 · 0.31%
Same employer
Similar plansConstruction · Alabama
Burkes Mechanical, Inc. AL$27.7M · 0.36%
Pose Group, Inc. AL$23.0M · 0.04%
McAbee Construction, Inc. AL$22.8M · 0.38%
Airtek Construction Inc AL$19.3M · 0.63%
Jesse Stutts, Inc. AL$17.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630455398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.