Alabama › Real estate and rental and leasing › 100 to 249 participants
Form 5500 statement · plan year 24 Jan 2024 to 31 Dec 2024
South Oak Title HR 401(k) Plan
Sponsored by South Oak Title HR LLC, Birmingham, AL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
South Oak Title HR LLC of Birmingham, Alabama sponsors South Oak Title HR 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 138 participants (124 active) and $5.0M in net assets.
Net assets came to $36,501 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and below the $40,415 median for defined contribution plans in real estate and rental and leasing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $239K during the year, or $1,924 per active participant against a same-size median of $2,447; participants contributed $348K and $4,240 arrived as rollovers and other contributions. Benefits paid out totalled $245K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $5,035.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $36,501 | $60,185 | $40,415 | $53,102 |
| Employer contributions per active participant | $1,924 | $2,447 | $1,625 | $2,175 |
| Schedule C compensation per participant | — | $194 | $126 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.34% | 0.26% |
| Administrative expenses per participant | $36.49 | $176 | $123 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), real estate and rental and leasing (1,578) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions$238,610
- Participant contributions$348,121
- Rollovers and other contributions$4,240
- Total contributions$590,971
- Total income, including investment results$1,022,976
- Benefits paid$244,862
- Administrative expenses$5,035
- Total expenses$249,897
- Net income$773,079
- Net transfers$4,264,074
- Net assets, end of year$5,037,153
Participants
- Active participants124
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits14
- Participants with account balances109
- Total participants, end of year138
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$4,851
- Recordkeeping fees$184
- Total administrative expenses$5,035
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$5.0M · 99.9%
- Participant loans$4,426 · 0.1%
- Cash (interest and non-interest bearing)$3,019 · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmKimberlin Company, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $917,471,694
- Blackout period during the yearYes
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 531390: Other Activities Related to Real Estate.
Similar plans in Alabama
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Barber Companies, Inc. 401(k) Profit Sharing Plan | The Barber Companies, Inc. | 161 | $25.9M | $160,629 |
| Capstone Real Estate Investments, LLC 401(k) Savings Plan | Capstone Real Estate Investments, LLC | 130 | — | — |
| Aronov 401(k) Plan | Aronov Realty Management, Inc. | 186 | $15.8M | $84,701 |
| MPT Operating Partnership, L.P. 401(k) Plan | MPT Operating Partnership, L.P. | 130 | $32.7M | $251,690 |
| Ascent Residential, L. L. C. 401(k) Plan | Ascent Residential, L.L.C. | 203 | $3.5M | $17,393 |
| Crowne Partners, Inc. 401(k) Plan | Crowne Partners, Inc. | 210 | $6.5M | $31,036 |
Defined contribution plans in real estate and rental and leasing closest in size.
Questions and answers
How big is South Oak Title HR 401(k) Plan?
138 participants at the end of the plan year ending 31 Dec 2024, of whom 124 were active employees, with net assets of $5,037,153. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does South Oak Title HR LLC contribute per participant?
The filing reports $238,610 in employer contributions for the year, which is $1,924 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $5,035. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is South Oak Title HR LLC. The financial statements were audited by Kimberlin Company, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 24 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 3 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 93-3084241, plan 002, received 3 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.