Plan Ledger DOL Form 5500 · updated monthly

Builders General Supply401(k)

BUILDERS GENERAL SUPPLY COMPANY EMPLOYEES SAVINGS AND INVESTMENT PLAN · LITTLE SILVER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Builders General Supply reported $63,479 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,637 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 fell from 0.39% to 0.31%. 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 1,030th-largest of 2,419 plans among New Jersey employers on file, and the 1,371st of 5,215 in retail trade. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,627,244
Participants with balances147
Active participants141
Employer contributions$371,845
Employee contributions$808,090
Employer contribution per active participant$2,637
Average account balance$147,124
Benefits paid to participants$521,917
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 147 accts · $372K emplr
2023$19.0M · 149 accts · $368K emplr
2022$18.2M · 149 accts · $364K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,479
Total administrative$63,479
The Builders General Supply 401(k) match · 2024
Employer contribution per active participant$2,637
Median for plans this size$2,416
2024$2,637 per active participant
2023$2,472 per active participant
2022$2,615 per active participant

Builders General Supply's 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$67,271
NEWPORT CAPITAL GROUP · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$63,479 · 0.31%
2023$67,092 · 0.36%
2022$77,647 · 0.39%
Similar plansRetail Trade · New Jersey
H Mart Inc. NJ$22.7M · 0.78%
J.R. Group, Inc. NJ$21.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 220797510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.