Plan Ledger DOL Form 5500 · updated monthly

Saginaw Pipe Company, Inc.401(k)

SAGINAW PIPE CO., INC. 401(K) PLAN · SAGINAW, AL · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

Saginaw Pipe Company, Inc. reported $64,509 in plan administrative expenses for 2023: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,540 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 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 293rd-largest of 902 plans among Alabama employers on file, and the 1,777th of 4,246 in wholesale trade. In 2023, employees put in $2.10 for every $1.00 the employer contributed; active participation has shrunk from 123 to 108 since 2022.

Plan summary
Net assets, end of year$21,629,443
Participants with balances110
Active participants108
Employer contributions$382,298
Employee contributions$804,642
Employer contribution per active participant$3,540
Average account balance$196,631
Benefits paid to participants$1,428,923
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 105 accts · $374K emplr
2023$21.6M · 110 accts · $382K emplr
2022$19.1M · 124 accts · $375K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$32,521
Investment management$31,988
Total administrative$64,509
The Saginaw Pipe Company, Inc. 401(k) match · 2023
Employer contribution per active participant$3,540
Median for plans this size$2,440
2024$3,497 per active participant
2023$3,540 per active participant
2022$3,048 per active participant

Saginaw Pipe Company, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE CO (USA · Recordkeeping · Investment management$2,341
MERRILL LYNCH · Investment advisory (participants)$31,988

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$68,029 · 0.32%
2023$64,509 · 0.32%
2022$62,386 · 0.31%
Same employer
Similar plansWholesale Trade · Alabama
Martin Incorporated AL$25.8M · 0.55%
Adams Beverages, LLC AL$24.9M · 0.67%
Gulf Distributing Co., Inc. AL$23.3M · 0.65%
Sunsouth LLC AL$21.6M · 0.62%
McGriff Industries, Inc. AL$19.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630853055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.