Plan Ledger DOL Form 5500 · updated monthly

Ferguson Enterprises, LLC401(k)

FERGUSON ENTERPRISES, LLC, 401(K) RETIREMENT SAVINGS PLAN · NEWPORT NEWS, VA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Ferguson Enterprises, LLC reported $1,243,000 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $2,479 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 fell from 0.07% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 16th-largest of 2,266 plans among Virginia employers on file, and the 10th of 4,246 in wholesale trade. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,584,913,003
Participants with balances38,506
Active participants30,502
Employer contributions$75,624,725
Employee contributions$193,865,281
Employer contribution per active participant$2,479
Average account balance$93,100
Benefits paid to participants$275,588,120
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6B · 38,506 accts · $75.6M emplr
2023$3.2B · 36,502 accts · $77.8M emplr
2022$2.6B · 36,786 accts · $71.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,036,238
Investment management$112,500
Audit (IQPA)$23,500
Total administrative$1,243,000
The Ferguson Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$2,479
Median for plans this size$5,259
2024$2,479 per active participant
2023$2,523 per active participant
2022$2,326 per active participant

Ferguson Enterprises, LLC's 2024 employer contribution ran below the $5,259 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
NEPC LLC · Investment advisory (plan)$112,500
MCGUIREWOODS LLP · Legal$70,762
PBMARES LLP · Accounting / audit$23,500

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$1,243,000 · 0.04%
2023$1,594,619 · 0.06%
2022$2,103,746 · 0.07%
Similar plansWholesale Trade · Virginia
Sysco Corporation TX$5.2B · 0.05%
Cardinal Health, Inc. OH$4.8B · 0.05%
Robert Bosch LLC IL$4.6B · 0.06%
W. W. Grainger, Inc. IL$3.8B · 0.03%
United Natural Foods, Inc RI$2.8B · 0.05%
Gordon Food Service, Inc. MI$2.8B · 0.08%
Canon U.S.A., Inc. NY$2.7B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541473338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.