Department of Labor filing

ALTRUST FINANCIAL SERVICES, INC.

ALTRUST FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 10, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

16filing 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

$786

Reported employer contributions per active participant.

Higher than about 5% of comparable plans

#People in the filing

283

Active participants reported for 2024.

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

¢Visible plan-paid fees

$218 / participant

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

Lower cost than about 42% of comparable plans

↗Investment performance

Not available

Plan assets changed 23.5%, 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 · 202416out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions5th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense42nd percentileTypical peer $184 · based on 1,443 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, ALTRUST FINANCIAL SERVICES, INC. reported $222,490 in employer contributions across the plan and 283 active participants. That works out to $786 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 proxy93%

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 trendDown 7.8%

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

Expense trendUp 59.6%

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

Peer context16/100

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: $222,490
Participant contributions: $828,668
Other contributions: $107,821
Employer share of reported contributions: 21.2%
Beginning assets: $7,795,473
Ending assets: $9,628,196
Ending net assets: $9,628,196
Ending liabilities: $0
Total income: $2,291,070
Total expenses: $458,347
Administrative expenses: $65,505
Participant loans: $0

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

$852

2023

$881

2024

$786

Plan-paid administrative expenses per participant

2022

$137

2023

$181

2024

$218

Active participants

2022

270

2023

279

2024

283

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$786	283	9.6M	20251010142425NAL0007862897001
2023	$881	279	7.8M	20241001132037NAL0014086962001
2022	$852	270	6M	20231004100158NAL0013240243001

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: 0.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 630923450-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2010
Industry: Finance and insurance
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3B3H

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20251010142425NAL0007862897001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗