Plan Ledger DOL Form 5500 · updated monthly

Lewis Drugs, Inc.401(k)

LEWIS DRUGS, INC. 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Lewis Drugs, Inc. reported $172,109 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $625 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 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 37th-largest of 233 plans among South Dakota employers on file, and the 595th of 5,215 in retail trade. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 1,099 to 1,258 since 2022.

Plan summary
Net assets, end of year$56,072,802
Participants with balances438
Active participants1,258
Employer contributions$786,869
Employee contributions$2,395,777
Employer contribution per active participant$625
Average account balance$128,020
Benefits paid to participants$3,094,083
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.1M · 438 accts · $787K emplr
2023$49.2M · 451 accts · $737K emplr
2022$41.7M · 443 accts · $685K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,027
Investment management$126,526
Trustee / custodial$14,556
Total administrative$172,109
The Lewis Drugs, Inc. 401(k) match · 2024
Employer contribution per active participant$625
Median for plans this size$3,635
2024$625 per active participant
2023$615 per active participant
2022$623 per active participant

Lewis Drugs, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
MILLIMAN, INC · Recordkeeping · Pension consulting$31,027
MORGAN STANLEY · Investment advisory (plan)$126,526
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$14,556

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$172,109 · 0.33%
2023$157,590 · 0.35%
2022$154,655 · 0.34%
Same employer
Similar plansRetail Trade · South Dakota
C&B Operations, LLC SD$74.2M · 0.38%
Billion Motors, Inc. SD$71.9M · 0.20%
Riddle's Group, Inc. SD$40.5M · 0.14%
Furniture Mart USA, Inc. SD$34.6M · 0.16%
Vern Eide Motorcars SD$31.6M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460212323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.