Department of Labor filing

ALBAAD USA, INC.

ALBAAD USA, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 8, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

23filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$991

Reported employer contributions per active participant.

Higher than about 13% of comparable plans

#People in the filing

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$196 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 45% of comparable plans

↗Investment performance

Not available

Plan assets changed -9.8%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202423out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions13th percentileTypical peer $2,533 · based on 90 comparable plans

Lower reported administrative expense45th percentileTypical peer $172 · based on 96 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, ALBAAD USA, INC. reported $15,862 in employer contributions across the plan and 16 active participants. That works out to $991 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy15%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 134.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 18.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context23/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $15,862
Participant contributions: $38,396
Other contributions: $38,576
Employer share of reported contributions: 29.2%
Beginning assets: $955,208
Ending assets: $861,234
Ending net assets: $861,234
Ending liabilities: $0
Total income: $213,644
Total expenses: $307,618
Administrative expenses: $24,255
Participant loans: $17,648

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$423

2023

$1,319

2024

$991

Plan-paid administrative expenses per participant

2022

$165

2023

$109

2024

$196

Active participants

2022

128

2023

2024

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$991	16	861.2K	20251008150232NAL0005735633001
2023	$1,319	21	955.2K	20241015123009NAL0028425089001
2022	$423	128	2M	20231012142111NAL0020557683001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 200468543-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Dec 3, 2010
Industry: Industry group 339
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2J2K2F2G2T3D3H

Current plan terms

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Filing ACK_ID20251008150232NAL0005735633001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗