Plan Ledger DOL Form 5500 · updated monthly

Winston Home Builders, LLC401(k)

WINSTON/HAMILTON HOME BUILDERS 401(K) PLAN · DOUBLE SPRINGS, AL · plan year 2023

Reported admin expense ratio · 2023
2.35%

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

Winston Home Builders, LLC reported $174,902 in plan administrative expenses for 2023: 2.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $16,664 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 1 year on file its reported administrative ratio fell from 5.04% to 2.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Alabama (521st of 902), and 9,705th of 13,661 in manufacturing. In 2023, employees put in $1.19 for every $1.00 the employer contributed; active participation has shrunk from 943 to 69 since 2022.

Plan summary
Net assets, end of year$7,938,368
Participants with balances49
Active participants69
Employer contributions$1,149,823
Employee contributions$1,370,767
Employer contribution per active participant$16,664
Average account balance$162,008
Benefits paid to participants$3,153,477
Plan auditUnmodified (clean) audit opinion
AuditorNAIL MCKINNEY
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$7.9M · 49 accts · $1.1M emplr
2022$7.0M · 921 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$174,902
Total administrative$174,902
The Winston Home Builders, LLC 401(k) match · 2023
Employer contribution per active participant$16,664
Median for plans this size$1,308
2023$16,664 per active participant
2022$1,760 per active participant

Winston Home Builders, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$174,902
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024Not separately reported
2023$174,902 · 2.35%
2022$324,927 · 5.04%
Similar plansManufacturing · Alabama
Main Street Checks, Inc AL$8.2M · 0.26%
Legacy Cabinets, Inc AL$8.2M · 0.83%
Sims Bark Co., Inc. AL$8.1M · 0.69%
Sunshine Homes, Inc. AL$7.9M · 0.53%
Spoc Automation, Inc. AL$7.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832750084 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.