Plan Ledger DOL Form 5500 · updated monthly

Greenwood, Inc.401(k)

GREENWOOD, INC. 401(K) RETIREMENT SAVINGS PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Greenwood, Inc. reported $75,988 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $658 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 3 years on file its reported administrative ratio has held roughly steady near 0.395%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 260th-largest of 807 plans among South Carolina employers on file, and the 1,964th of 5,337 in construction. In 2024, employees put in $3.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,866,796
Participants with balances338
Active participants532
Employer contributions$349,932
Employee contributions$1,377,868
Employer contribution per active participant$658
Average account balance$61,736
Benefits paid to participants$1,101,413
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 338 accts · $350K emplr
2023$17.6M · 339 accts · $343K emplr
2022$15.0M · 317 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,921
Investment management$2,067
Total administrative$75,988
The Greenwood, Inc. 401(k) match · 2024
Employer contribution per active participant$658
Median for plans this size$2,416
2024$658 per active participant
2023$658 per active participant
2022$571 per active participant

Greenwood, 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
EMPOWER ADVISORY GROUP, LLC · Investment management$2,067

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$75,988 · 0.40%
2023$61,320 · 0.38%
2022$64,271 · 0.40%
Same employer
Similar plansConstruction · South Carolina
Morgan Corp SC$28.5M · 0.08%
Evans Management Group, LLC SC$20.9M · 0.57%
Banks Construction Company SC$20.3M · 0.01%
Cfe Management, LLC SC$17.3M · 0.56%
Eldeco, Inc. SC$15.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570967122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.