Plan Ledger DOL Form 5500 · updated monthly

Checker Notions Co., Inc. dba Checker Distributors401(k)

CHECKER DISTRIBUTORS 401(K) PLAN · MAUMEE, OH · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

Checker Notions Co., Inc. dba Checker Distributors reported $70,387 in plan administrative expenses for 2023: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,960 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 1 year on file its reported administrative ratio rose from 0.26% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Ohio (1,730th of 3,295), and 2,555th of 4,246 in wholesale trade. In 2023, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,104,582
Participants with balances116
Active participants125
Employer contributions$245,057
Employee contributions$593,120
Employer contribution per active participant$1,960
Average account balance$112,971
Benefits paid to participants$417,392
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $77K emplr
2023$13.1M · 116 accts · $245K emplr
2022$11.3M · 108 accts · $255K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,387
Total administrative$70,387
The Checker Notions Co., Inc. dba Checker Distributors 401(k) match · 2023
Employer contribution per active participant$1,960
Median for plans this size$2,440
2023$1,960 per active participant
2022$2,127 per active participant

Checker Notions Co., Inc. dba Checker Distributors's 2023 employer contribution ran below the $2,440 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 · 20233
MERRILL LYNCH PIERCE FENNER SMITH · Investment advisory (plan)$29,336
PENSION INNOVATIONS & CONSULTING · Contract administratorindirect 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
2024Not separately reported
2023$70,387 · 0.58%
2022$29,994 · 0.26%
Same employer
Similar plansWholesale Trade · Ohio
World Tire Corporation OH$13.5M · 0.47%
R. S. Hanline & Co., Inc. OH$13.4M · 0.85%
American Interiors, Inc. OH$13.3M · 0.39%
Coblentz Distributing, Inc. OH$12.9M · 0.43%
Loth Holdings, LLC OH$12.8M · 0.54%
Phantom Administrative LLC OH$12.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341105190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.