Plan Snapshot
- Plan Sponsor: Books-A-Million, INC.
- Sponsor EIN: 630798460
- Sponsor Address: 402 INDUSTRIAL LANE, BIRMINGHAM, AL, 35211
- Plan Type: 401(k)
- Total Participants: 3,968
- Total Assets: $40.2M
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 | 3,968 | $40.2M | $863,730 | $2.5M |
| 2023 | 3,020 | $35.2M | $537,198 | $2.4M |
| 2022 | 3,564 | $31.0M | $582,927 | $2.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | Recordkeeper | $159,675 | — | $159,675 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,675
- Estimated Expense Ratio: 0.397% 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 | $159,700 | — | — | — | — |
| 2023 | $161,786 | — | — | — | — |
| 2022 | $193,806 | — | — | — | — |