Plan Ledger DOL Form 5500 · updated monthly

Builders Supply Company, Inc.401(k)

BUILDERS SUPPLY COMPANY, INC. PROFIT SHARING PLAN · SHREVEPORT, LA · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Builders Supply Company, Inc. reported $34,742 in plan administrative expenses for 2023: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,287 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 0.575%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Louisiana (556th of 884), and 10,514th of 13,661 in manufacturing. In 2023, employees put in $1.82 for every $1.00 the employer contributed; active participation has shrunk from 203 to 171 since 2022.

Plan summary
Net assets, end of year$6,327,689
Participants with balances171
Active participants171
Employer contributions$220,048
Employee contributions$400,646
Employer contribution per active participant$1,287
Average account balance$37,004
Benefits paid to participants$1,091,612
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 124 accts · $185K emplr
2023$6.3M · 171 accts · $220K emplr
2022$5.9M · 203 accts · $218K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,581
Trustee / custodial$18,161
Total administrative$34,742
The Builders Supply Company, Inc. 401(k) match · 2023
Employer contribution per active participant$1,287
Median for plans this size$1,308
2023$1,287 per active participant
2022$1,074 per active participant

Builders Supply Company, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS · Recordkeeping$16,581
MERRILL LYNCH · Trustee (discretionary)$18,161

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$35,521 · 0.57%
2023$34,742 · 0.57%
2022$37,280 · 0.57%
Similar plansManufacturing · Louisiana
SBE2, LLC LA$7.8M · 0.82%
Moran Printing, Inc. LA$7.1M · 0.13%
Tony's Seafood, LTD LA$6.9M · 0.09%
Elevating Boats, LLC LA$5.8M · 0.02%
Daybrook Fisheries, Inc. LA$5.6M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720141890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.