Plan Ledger DOL Form 5500 · updated monthly

McEntire Produce, Inc.401(k)

MCENTIRE PRODUCE, INC. PROFIT SHARING & 401(K) PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

McEntire Produce, Inc. reported $48,311 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,735 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 0.54% to 0.64%. 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 South Carolina (493rd of 807), and 3,264th of 4,246 in wholesale trade. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,669,939
Participants with balances248
Active participants313
Employer contributions$543,170
Employee contributions$858,359
Employer contribution per active participant$1,735
Average account balance$30,927
Benefits paid to participants$1,863,786
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT, PIETRAS & STORMER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 248 accts · $543K emplr
2023$7.4M · 277 accts · $562K emplr
2022$6.8M · 382 accts · $485K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,140
Investment management$26,171
Total administrative$48,311
The McEntire Produce, Inc. 401(k) match · 2024
Employer contribution per active participant$1,735
Median for plans this size$1,313
2024$1,735 per active participant
2023$1,602 per active participant
2022$1,407 per active participant

McEntire Produce, Inc.'s 2024 employer contribution ran above 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.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$20,940
GUARDIAN WEALTH ADVISORS · Accounting / audit · Investment advisory (plan)$26,171

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$48,311 · 0.64%
2023$57,529 · 0.81%
2022$39,275 · 0.54%
Same employer
Similar plansWholesale Trade · South Carolina
Savaria USA Inc. SC$8.2M · 0.49%
Better Brands, Inc. SC$7.9M · 0.66%
Engineered Systems, Inc. SC$7.7M · 0.25%
Taylor Enterprises Inc. SC$7.5M · 0.69%
Airpark Holdings, Inc. SC$4.9M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570868353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.