Plan Ledger DOL Form 5500 · updated monthly

Esp Associates, Inc.401(k)

ESP ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN · FORT MILL, SC · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Esp Associates, Inc. reported $89,323 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,305 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 0.21% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 137th-largest of 807 plans among South Carolina employers on file, and the 3,174th of 11,654 in professional & technical services. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 377 to 568 since 2022.

Plan summary
Net assets, end of year$42,146,916
Participants with balances781
Active participants568
Employer contributions$1,876,959
Employee contributions$3,806,332
Employer contribution per active participant$3,305
Average account balance$53,965
Benefits paid to participants$5,255,273
Plan auditUnmodified (clean) audit opinion
AuditorBURKETT BURKETT AND BURKETT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$42.1M · 781 accts · $1.9M emplr
2023$36.3M · 744 accts · $2.0M emplr
2022$25.1M · 550 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,187
Investment management$77,136
Total administrative$89,323
The Esp Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,305
Median for plans this size$2,416
2024$3,305 per active participant
2023$3,687 per active participant

Esp Associates, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$77,135
ADP, INC. · Loan processing · Recordkeeping$12,186
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$89,323 · 0.23%
2023$66,112 · 0.22%
2022$58,334 · 0.21%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Dority and Manning PA SC$47.7M · 0.00%
O'Neal, Inc. SC$45.5M · 0.08%
The Gel Group, Inc. SC$43.1M · 0.32%
Atlas Technologies, Inc. SC$41.4M · 0.41%
Css LLC SC$40.0M · 0.30%
CORE4CE, LLC SC$39.8M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560599737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.