Plan Snapshot
- Plan Sponsor: Alabama Grocers Association
- Sponsor EIN: 631025911
- Sponsor Address: 300 VESTAVIA PARKWAY SUITE 3500, BIRMINGHAM, AL, 352163775
- Plan Type: 401(k)
- Total Participants: 763
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 763 | $4.6M | $268,888 | $439,971 |
| 2023 | 756 | $4.2M | $220,221 | $371,678 |
| 2022 | 627 | $2.6M | $181,263 | $324,583 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURNA | Recordkeeper | $37,898 | — | $37,898 |
| ERISA SERVICES OF ALABAMA, LLC | Recordkeeper | $27,858 | $65 | $27,923 |
| MERRILL LYNCH LIFE AGENCY, INC. | Investment Advisor | $19,287 | — | $19,287 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INSURNA — Recordkeeper
- MERRILL LYNCH LIFE AGENCY, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,108
- Estimated Expense Ratio: 1.852% of plan assets
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 | $85,084 | — | — | — | — |
| 2023 | $46,793 | — | — | — | — |
| 2022 | $44,729 | — | — | — | $44,729 |