Plan Ledger DOL Form 5500 · updated monthly

Belnick, Inc.401(k)

BELNICK, INC. RETIREMENT TRUST · CANTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Belnick, Inc. reported $38,125 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,964 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 3 years on file its reported administrative ratio has held roughly steady near 0.344%. 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 among the smaller plans on file in Georgia (1,122nd of 2,160), and the 2,234th of 5,215 in retail trade. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 365 to 303 since 2022.

Plan summary
Net assets, end of year$12,268,923
Participants with balances271
Active participants303
Employer contributions$595,052
Employee contributions$1,207,272
Employer contribution per active participant$1,964
Average account balance$45,273
Benefits paid to participants$814,855
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 271 accts · $595K emplr
2023$9.9M · 269 accts · $555K emplr
2022$7.6M · 258 accts · $467K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,515
Investment management$28,610
Total administrative$38,125
The Belnick, Inc. 401(k) match · 2024
Employer contribution per active participant$1,964
Median for plans this size$2,416
2024$1,964 per active participant
2023$1,703 per active participant
2022$1,281 per active participant

Belnick, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20242
HA&W WEALTH MANAGEMENT LLC · Recordkeeping · Trustee$27,103
ADP, INC. · Loan processing · Recordkeeping$11,021

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

Recordkeeper by year2
2024ADP, HA&W WEALTH MANAGEMENT LLC
2023ADP, HA&W WEALTH MANAGEMENT LLC

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Administrative cost history3
2024$38,125 · 0.34%
2023$29,648 · 0.34%
2022$28,475 · 0.34%
Same employer
Similar plansRetail Trade · Georgia
Elite Floor Design Inc. GA$13.2M · 0.08%
Lasseter Tractor Co Inc GA$13.0M · 0.61%
Tipperary Sales, Inc. GA$12.9M · 0.66%
The Jones Company GA$11.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582654465 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.