Plan Ledger DOL Form 5500 · updated monthly

Industrial Packaging Supplies, I401(k)

INDUSTRIAL PACKAGING SUPPLIES, INC. · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Industrial Packaging Supplies, I reported $104,312 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $887 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 0.43% to 0.68%. 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 329th-largest of 807 plans among South Carolina employers on file, and 2,327th of 4,246 in wholesale trade. In 2024, employees put in $7.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,455,355
Participants with balances248
Active participants205
Employer contributions$181,915
Employee contributions$1,376,917
Employer contribution per active participant$887
Average account balance$62,320
Benefits paid to participants$3,188,928
Plan auditUnmodified (clean) audit opinion
AuditorBRADSHAW GORDON & CLINKSCALES
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 248 accts · $182K emplr
2023$15.1M · 262 accts · $186K emplr
2022$13.6M · 242 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,274
Investment management$22,038
Total administrative$104,312
The Industrial Packaging Supplies, I 401(k) match · 2024
Employer contribution per active participant$887
Median for plans this size$2,416
2024$887 per active participant
2023$888 per active participant
2022$761 per active participant

Industrial Packaging Supplies, I'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 · 20244
ADP, INC. · Loan processing · Recordkeeping$48,301
PROEQUITIES, INC. · Recordkeeping · Pension consulting$48,011
PENSION PLANNING SOLUTIONS · Recordkeeping · Pension consulting$8,000
ADP BROKER-DEALERindirect 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, PENSION PLANNING SOLUTIONS, PROEQUITIES, INC.
2023ADP, PENSION PLANNING SOLUTIONS, PROEQUITIES, INC.

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Administrative cost history3
2024$104,312 · 0.68%
2023$65,330 · 0.45%
2022$63,151 · 0.43%
Same employer
Similar plansWholesale Trade · South Carolina
Quoizel, LLC SC$19.3M · 0.35%
North American Rescue, LLC SC$14.4M · 0.58%
Gateway Supply Co Inc SC$14.1M · 0.34%
Hartmann USA, Inc. SC$14.0M · 0.05%
The Yahnis Company SC$13.8M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570687059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.