Plan Ledger DOL Form 5500 · updated monthly

Haynsworth Sinkler Boyd, P.A.401(k)

HAYNSWORTH SINKLER BOYD, P.A. 401(K) PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Haynsworth Sinkler Boyd, P.A. reported $166,888 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $14,395 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 0.11% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 41st-largest of 807 plans among South Carolina employers on file, and the 1,071st of 11,654 in professional & technical services. In 2024, the employer put in $1.31 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$145,216,027
Participants with balances265
Active participants195
Employer contributions$2,807,094
Employee contributions$2,137,365
Employer contribution per active participant$14,395
Average account balance$547,985
Benefits paid to participants$7,908,876
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT PIETRAS & STORMER P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$145.2M · 265 accts · $2.8M emplr
2023$129.0M · 263 accts · $2.6M emplr
2022$116.4M · 265 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,588
Investment management$7,300
Total administrative$166,888
The Haynsworth Sinkler Boyd, P.A. 401(k) match · 2024
Employer contribution per active participant$14,395
Median for plans this size$3,635
2024$14,395 per active participant
2023$13,037 per active participant
2022$12,346 per active participant

Haynsworth Sinkler Boyd, P.A.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$159,316
CREATIVE PLANNING · Investment advisory (participants)$50,000
BAUKNIGHT PIETRAS & STORMER, P.A., · Accounting / audit$20,339

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$166,888 · 0.12%
2023$137,202 · 0.11%
2022$139,631 · 0.11%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Compucom Systems, Inc. SC$391.8M · 0.09%
Red Ventures LLC SC$271.5M · 0.17%
Nexsen Pruet, LLC SC$154.3M · 0.07%
Elliott Davis, LLC SC$145.5M · 0.02%
Redsail Technologies, LLC SC$136.7M · 0.09%
Motley Rice LLC SC$118.8M · 0.03%
Benefitfocus.com, Inc. SC$109.7M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 571111443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.