Plan Ledger DOL Form 5500 · updated monthly

S.L.S. Holding Company Inc.401(k)

S.L.S. HOLDING COMPANY INC. RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

S.L.S. Holding Company Inc. reported $66,550 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $2,712 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 0.72% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Alabama (500th of 902), and 1,796th of 3,341 in other services. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 85 to 98 since 2022.

Plan summary
Net assets, end of year$8,606,162
Participants with balances119
Active participants98
Employer contributions$265,741
Employee contributions$465,998
Employer contribution per active participant$2,712
Average account balance$72,321
Benefits paid to participants$1,160,779
Plan auditUnmodified (clean) audit opinion
AuditorTILL HESTER EYER BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 119 accts · $266K emplr
2023$8.1M · 111 accts · $230K emplr
2022$6.7M · 158 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,385
Investment management$3,165
Total administrative$66,550
The S.L.S. Holding Company Inc. 401(k) match · 2024
Employer contribution per active participant$2,712
Median for plans this size$1,313
2024$2,712 per active participant
2023$2,735 per active participant
2022$2,550 per active participant

S.L.S. Holding Company Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$63,385
AMERIPRISE FINANCIAL SERVICES, LLC · Insurance broker · Insurance servicesindirect 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
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$66,550 · 0.80%
2023$61,727 · 0.84%
2022$59,432 · 0.72%
Similar plansOther Services · Alabama
Equal Justice Initiative AL$9.0M · 0.79%
United Ability, Inc. AL$8.2M · 0.59%
Clearwater Solutions, LLC AL$7.2M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631120269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.