Plan Ledger DOL Form 5500 · updated monthly

Eastern Metal Supply, Inc.401(k)

EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN · LAKE WORTH, FL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Eastern Metal Supply, Inc. reported $203,033 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,142 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 0.14% to 0.43%. 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 539th-largest of 3,644 plans among Florida employers on file, and the 832nd of 4,246 in wholesale trade. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has grown from 731 to 850 since 2022.

Plan summary
Net assets, end of year$49,526,861
Participants with balances982
Active participants850
Employer contributions$970,332
Employee contributions$3,183,572
Employer contribution per active participant$1,142
Average account balance$50,435
Benefits paid to participants$5,516,802
Plan auditUnmodified (clean) audit opinion
AuditorT.E. LOTT & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$49.5M · 982 accts · $970K emplr
2023$45.6M · 1,009 accts · $1.0M emplr
2022$38.1M · 783 accts · $932K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,606
Investment management$71,056
Total administrative$203,033
The Eastern Metal Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$1,142
Median for plans this size$2,416
2024$1,142 per active participant
2023$1,263 per active participant
2022$1,275 per active participant

Eastern Metal 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 · 20246
EMPOWER ADVISORY GROUP, LLC · Investment management$71,056
LEAFHOUSE FINANCIAL ADVISORS, LLC$23,371
TRIAD ADVISORS INCindirect comp
MML INVESTORS SERVICES LLCindirect comp
OSAIC WEALTH INCindirect 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$203,033 · 0.43%
2023$155,388 · 0.37%
2022$58,847 · 0.14%
Same employer
Similar plansWholesale Trade · Florida
Man Capital Corporation FL$56.3M · 0.06%
J & B Importers, Inc. FL$47.4M · 0.06%
McNichols Company FL$46.0M · 0.23%
Restaurant Services Inc FL$44.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592249307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.