Plan Ledger DOL Form 5500 · updated monthly

Gerber Childrenswear LLC401(k)

GERBER CHILDRENSWEAR 401(K) PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Gerber Childrenswear LLC reported $41,693 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,402 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 0.05% to 0.20%. 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 246th-largest of 807 plans among South Carolina employers on file, and the 1,763rd of 4,246 in wholesale trade. In 2024, employees put in $3.00 for every $1.00 the employer contributed; active participation has grown from 240 to 288 since 2022.

Plan summary
Net assets, end of year$21,844,506
Participants with balances326
Active participants288
Employer contributions$403,808
Employee contributions$1,209,873
Employer contribution per active participant$1,402
Average account balance$67,008
Benefits paid to participants$3,535,741
Plan auditUnmodified (clean) audit opinion
AuditorKSDT & CO., LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 326 accts · $404K emplr
2023$20.8M · 291 accts · $529K emplr
2022$17.4M · 323 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,043
Investment management$38,650
Total administrative$41,693
The Gerber Childrenswear LLC 401(k) match · 2024
Employer contribution per active participant$1,402
Median for plans this size$2,416
2024$1,402 per active participant
2023$2,581 per active participant
2022$1,586 per active participant

Gerber Childrenswear LLC's 2024 employer contribution ran below 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
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$31,114
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,536
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,043

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$41,693 · 0.20%
2023$35,383 · 0.19%
2022$9,994 · 0.05%
Similar plansWholesale Trade · South Carolina
Le Creuset of America, Inc. SC$27.2M · 0.58%
Quoizel, LLC SC$19.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030442752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.