Plan Ledger DOL Form 5500 · updated monthly

Chadwell Supply, Inc.401(k)

CHADWELL SUPPLY, INC. RETIREMENT SAVINGS PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Chadwell Supply, Inc. reported $203,235 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $554 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 0.93% to 1.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 973rd-largest of 3,644 plans among Florida employers on file, and the 1,622nd of 4,246 in wholesale trade. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 1,478 to 2,479 since 2022.

Plan summary
Net assets, end of year$24,145,541
Participants with balances1,357
Active participants2,479
Employer contributions$1,373,204
Employee contributions$3,871,266
Employer contribution per active participant$554
Average account balance$17,793
Benefits paid to participants$1,340,045
Plan auditUnmodified (clean) audit opinion
AuditorPRIDA, GUIDA & PEREZ, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 1,357 accts · $1.4M emplr
2023$16.2M · 1,395 accts · $1.7M emplr
2022$8.8M · 833 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,700
Investment management$93,535
Total administrative$203,235
The Chadwell Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$554
Median for plans this size$2,416
2024$554 per active participant
2023$766 per active participant
2022$737 per active participant

Chadwell Supply, 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$93,910
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$85,660
FLORIDA RETIREMENT CONSULTANTS · Contract administrator · Other services$24,040

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$203,235 · 1.01%
2023$126,538 · 1.01%
2022$70,714 · 0.93%
Same employer
Similar plansWholesale Trade · Florida
Aersale FL$25.0M · 0.09%
Tabacalera USA Inc. FL$24.9M · 0.37%
Jazwares, LLC FL$22.1M · 0.65%
Q.E.P. Co., Inc. FL$21.9M · 0.32%
Aqua Lung FL$21.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260290810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.