Plan Ledger DOL Form 5500 · updated monthly

Ace Hardware of Chattanooga, Inc.401(k)

ACE HARDWARE OF CHATTANOOGA 401(K) PROFIT SHARING PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.62%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Ace Hardware of Chattanooga, Inc. reported $72,433 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $765 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.57% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 748th-largest of 1,496 plans among Tennessee employers on file, and the 2,173rd of 5,215 in retail trade. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 320 to 411 since 2022.

Plan summary
Net assets, end of year$12,769,670
Participants with balances176
Active participants411
Employer contributions$314,490
Employee contributions$501,873
Employer contribution per active participant$765
Average account balance$72,555
Benefits paid to participants$428,269
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON, HICKEY & MURCHISON
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 176 accts · $314K emplr
2023$10.7M · 165 accts · $258K emplr
2022$8.9M · 153 accts · $226K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,048
Investment management$35,585
Audit (IQPA)$5,800
Total administrative$72,433
The Ace Hardware of Chattanooga, Inc. 401(k) match · 2024
Employer contribution per active participant$765
Median for plans this size$2,416
2024$765 per active participant
2023$755 per active participant
2022$707 per active participant

Ace Hardware of Chattanooga, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ASCENSUS LLC · Loan processing · Recordkeeping$21,048
RAYMOND JAMES & ASSOCIATES · Investment advisory (plan)$35,585
HELPFUL GROUP LLC$10,000
JOHNSON, HICKEY, MURCHISON · Accounting / audit$5,800

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,433 · 0.62%
2023$54,586 · 0.56%
2022$54,686 · 0.57%
Same employer
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Top Rx, LLC TN$14.4M · 0.49%
Ritchey Management II, LLC TN$14.1M · 0.54%
Jim Keras Buick Co., Inc. TN$13.9M · 0.25%
4PATRIOTS LLC TN$13.5M · 0.01%
Furrow Auction Company TN$12.7M · 0.68%
Jenkins & Wynne, Inc. TN$12.0M · 0.43%
Coker Tire Company TN$11.5M · 0.66%
Reading for Education, LLC TN$11.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620803002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.