Plan Snapshot
- Plan Sponsor: Alabama Bankers Association
- Sponsor EIN: 836796619
- Sponsor Address: 445 DEXTER AVENUE, NO. 10025, MONTGOMERY, AL, 36104
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 766
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 766 | $0 | $0 | $0 |
| 2023 | 722 | $890,270 | $6.8M | $0 |
| 2022 | 485 | $655,765 | $6.7M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| HEALTHIEST YOU | Other Service Provider | $83,435 | — | $83,435 |
| AMERICAN BENEFIT SERVICES, INC. | Other Service Provider | $49,386 | — | $49,386 |
| ALABAMA BANKING SERVICES, INC. | Other Service Provider | $35,976 | — | $35,976 |
| CARR, RIGGS & INGRAM, L.L.C. | Other Service Provider | $17,566 | — | $17,566 |
| CRI ADVISORS, LLC | Other Service Provider | $5,938 | — | $5,938 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $192,301
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | $97,531 | — | — | — | — |
| 2022 | $156,727 | — | — | — | $45,236 |