Plan Ledger DOL Form 5500 · updated monthly

Scotch Plywood Company, Inc.401(k)

SCOTCH COMPANIES 401(K) PROFIT SHARING PLAN · FULTON, AL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Scotch Plywood Company, Inc. reported $171,203 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,049 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 166th-largest of 902 plans among Alabama employers on file, and the 3,493rd of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,078,494
Participants with balances472
Active participants473
Employer contributions$1,442,122
Employee contributions$1,883,675
Employer contribution per active participant$3,049
Average account balance$91,268
Benefits paid to participants$5,763,220
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$43.1M · 472 accts · $1.4M emplr
2023$41.2M · 466 accts · $1.5M emplr
2022$38.5M · 454 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,794
Investment management$60,743
Trustee / custodial$15,666
Total administrative$171,203
The Scotch Plywood Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,049
Median for plans this size$2,416
2024$3,049 per active participant
2023$3,206 per active participant
2022$5,424 per active participant

Scotch Plywood Company, 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 · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$94,794
MITCHELL, MCLEOD, PUGH & WILLIAMS · Investment advisory (plan) · Investment management$60,743
NEWPORT TRUST COMPANY · Trustee$15,666

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$171,203 · 0.41%
2023$165,742 · 0.42%
2022$164,273 · 0.40%
Same employer
Similar plansManufacturing · Alabama
Bbb Industries, LLC AL$54.5M · 0.36%
Hanna Steel Corporation AL$44.8M · 0.18%
Threaded Fasteners, Inc. AL$42.4M · 0.01%
Vulcan, Inc. AL$40.2M · 0.00%
Kronospan Inc. AL$37.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630501795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.