Plan Ledger DOL Form 5500 · updated monthly

New South Construction Supply, LLC401(k)

NEW SOUTH CONSTRUCTION SUPPLY LLC RETIREMENT PLAN · GREENVILLE, SC · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

New South Construction Supply, LLC reported $24,604 in plan administrative expenses for 2023: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,141 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 1 year on file its reported administrative ratio rose from 0.16% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in South Carolina (568th of 807), and 3,634th of 4,246 in wholesale trade. In 2023, employees put in $6.38 for every $1.00 the employer contributed; active participation has grown from 102 to 127 since 2022.

Plan summary
Net assets, end of year$5,006,248
Participants with balances152
Active participants127
Employer contributions$144,953
Employee contributions$925,512
Employer contribution per active participant$1,141
Average account balance$32,936
Benefits paid to participants$640,105
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $42K emplr
2023$5.0M · 152 accts · $145K emplr
2022$3.5M · 145 accts · $192K emplr
Administrative expenses, itemized · 2023
Investment management$24,604
Total administrative$24,604
The New South Construction Supply, LLC 401(k) match · 2023
Employer contribution per active participant$1,141
Median for plans this size$1,308
2023$1,141 per active participant
2022$1,882 per active participant

New South Construction Supply, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$24,604 · 0.58%
2022$5,348 · 0.16%
Similar plansWholesale Trade · South Carolina
Engineered Systems, Inc. SC$7.7M · 0.25%
McEntire Produce, Inc. SC$7.7M · 0.64%
Taylor Enterprises Inc. SC$7.5M · 0.69%
Airpark Holdings, Inc. SC$4.9M · 0.99%
Vendors Supply, Inc. SC$4.8M · 1.40%
The Climatic Corporation SC$4.0M · 0.66%
Penshurst Trading Inc. SC$3.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571129002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.