Plan Ledger DOL Form 5500 · updated monthly

Inman Mills401(k)

INMAN MILLS 401(K) RETIREMENT SAVINGS PLAN · INMAN, SC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Inman Mills reported $7,280 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $268 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 0.047%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 312th-largest of 807 plans among South Carolina employers on file, and the 6,669th of 13,661 in manufacturing. In 2024, employees put in $6.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,538,452
Participants with balances455
Active participants506
Employer contributions$135,436
Employee contributions$861,598
Employer contribution per active participant$268
Average account balance$36,348
Benefits paid to participants$1,078,572
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 455 accts · $135K emplr
2023$14.8M · 439 accts · $118K emplr
2022$13.1M · 465 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,219
Investment management$1,061
Total administrative$7,280
The Inman Mills 401(k) match · 2024
Employer contribution per active participant$268
Median for plans this size$2,416
2024$268 per active participant
2023$251 per active participant
2022$330 per active participant

Inman Mills'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,219

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$7,280 · 0.05%
2023$8,131 · 0.06%
2022$7,052 · 0.05%
Same employer
Similar plansManufacturing · South Carolina
3V Sigma USA Inc. SC$17.6M · 0.37%
Marcone Group SC$17.5M · 0.52%
Kiswire, Inc. SC$16.5M · 0.67%
Boysen USA, LLC SC$16.4M · 0.37%
Progress Lighting LLC SC$16.4M · 0.10%
Britax Child Safety, Inc. SC$16.0M · 0.24%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 570187280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.