Plan Ledger DOL Form 5500 · updated monthly

Sasser Enterprises, Inc.401(k)

SASSER ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN · ANDALUSIA, AL · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Sasser Enterprises, Inc. reported $42,028 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $696 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 0.92% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (662nd of 902), and 8,358th of 11,911 in health care & social assistance. In 2024, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,276,608
Participants with balances136
Active participants146
Employer contributions$101,611
Employee contributions$225,712
Employer contribution per active participant$696
Average account balance$31,446
Benefits paid to participants$551,706
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 136 accts · $102K emplr
2023$4.0M · 144 accts · $119K emplr
2022$3.6M · 143 accts · $125K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,028
Total administrative$42,028
The Sasser Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$696
Median for plans this size$1,313
2024$696 per active participant
2023$768 per active participant
2022$776 per active participant

Sasser Enterprises, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$42,028 · 1.01%
2023$36,811 · 0.97%
2022$35,408 · 0.92%
Similar plansHealth Care & Social Assistance · Alabama
Stonecreek Services, LLC AL$4.1M · 1.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200422415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.