Plan Ledger DOL Form 5500 · updated monthly

Concept 2001, Inc.401(k)

CONCEPT 2001, INC. 401(K) PLAN · WARRENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Concept 2001, Inc. reported $81,741 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $477 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 0.22% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 178th-largest of 807 plans among South Carolina employers on file, and the 356th of 786 in management of companies. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,151,704
Participants with balances927
Active participants1,992
Employer contributions$950,657
Employee contributions$2,513,284
Employer contribution per active participant$477
Average account balance$33,605
Benefits paid to participants$2,342,654
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 927 accts · $951K emplr
2023$30.6M · 1,062 accts · $823K emplr
2022$25.9M · 946 accts · $723K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,241
Audit (IQPA)$11,500
Total administrative$81,741
The Concept 2001, Inc. 401(k) match · 2024
Employer contribution per active participant$477
Median for plans this size$2,416
2024$477 per active participant
2023$427 per active participant
2022$388 per active participant

Concept 2001, 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 · 20242
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$70,241
ELLIOTT DAVIS, LLC/PLLC · Accounting / audit$11,500

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$81,741 · 0.26%
2023$81,300 · 0.29%
2022$60,626 · 0.22%
Similar plansManagement of Companies · South Carolina
Beemok Capital LLC SC$46.5M · 0.23%
Bank Midwest IA$32.2M · 0.01%
Palomar Holdings, Inc CA$32.0M · 0.01%
Parkway Bancorp, Inc. IL$31.8M · 0.30%
Vogel Holding, Inc. PA$31.8M · 0.55%
Westex Bancorp, Inc. TX$31.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582453817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.