Plan Ledger DOL Form 5500 · updated monthly

Arthur State Bank401(k)

ARTHUR STATE BANK RETIREMENT SAVINGS PLAN · UNION, SC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Arthur State Bank reported $16,958 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,459 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 0.17% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in South Carolina (518th of 807), and 4,298th of 4,798 in finance & insurance. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,803,278
Participants with balances137
Active participants157
Employer contributions$386,123
Employee contributions$534,535
Employer contribution per active participant$2,459
Average account balance$49,659
Benefits paid to participants$1,380,546
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 137 accts · $386K emplr
2023$6.5M · 142 accts · $319K emplr
2022$5.4M · 140 accts · $204K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,958
Total administrative$16,958
The Arthur State Bank 401(k) match · 2024
Employer contribution per active participant$2,459
Median for plans this size$1,313
2024$2,459 per active participant
2023$2,006 per active participant
2022$1,318 per active participant

Arthur State Bank's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$16,958

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$16,958 · 0.25%
2023$18,325 · 0.31%
2022$9,962 · 0.17%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 570116890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.