Plan Ledger DOL Form 5500 · updated monthly

Industrial Supply Solutions Inc.401(k)

INDUSTRIAL SUPPLY SOLUTIONS INC. 401K PLAN · SALISBURY, NC · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Industrial Supply Solutions Inc. reported $49,549 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $1,010 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 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in North Carolina (1,159th of 2,005), and 3,027th of 4,246 in wholesale trade. In 2024, employees put in $4.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,216,976
Participants with balances165
Active participants121
Employer contributions$122,240
Employee contributions$590,168
Employer contribution per active participant$1,010
Average account balance$55,860
Benefits paid to participants$1,375,396
Plan auditUnmodified (clean) audit opinion
AuditorSUTTLE & STALNAKER
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 165 accts · $122K emplr
2023$8.4M · 180 accts · $133K emplr
2022$7.2M · 212 accts · $136K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,549
Total administrative$49,549
The Industrial Supply Solutions Inc. 401(k) match · 2024
Employer contribution per active participant$1,010
Median for plans this size$1,313
2024$1,010 per active participant
2023$1,091 per active participant
2022$1,194 per active participant

Industrial Supply Solutions Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$49,549 · 0.56%
2023$42,909 · 0.55%
2022$42,080 · 0.57%
Similar plansWholesale Trade · North Carolina
Affinity Southeast NC$9.8M · 0.59%
Snyder Paper Corporation NC$9.6M · 0.25%
Carlton Group, Inc. NC$9.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561613164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.