Plan Ledger DOL Form 5500 · updated monthly

Nexsen Pruet, LLC401(k)

NEXSEN PRUET 401(K) PROFIT SHARING PLAN · COLUMBIA, SC · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Nexsen Pruet, LLC reported $101,071 in plan administrative expenses for 2023: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,486 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 has held roughly steady near 0.069%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 38th-largest of 807 plans among South Carolina employers on file, and the 1,016th of 11,654 in professional & technical services. In 2023, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$154,279,782
Participants with balances510
Active participants361
Employer contributions$1,258,355
Employee contributions$1,101,676
Employer contribution per active participant$3,486
Average account balance$302,509
Benefits paid to participants$12,345,933
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT PIETRAS & STORMER PA
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$154.3M · 510 accts · $1.3M emplr
2022$140.8M · 489 accts · $4.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,071
Investment management$75,000
Total administrative$101,071
The Nexsen Pruet, LLC 401(k) match · 2023
Employer contribution per active participant$3,486
Median for plans this size$3,659
2023$3,486 per active participant
2022$12,204 per active participant

Nexsen Pruet, LLC's 2023 employer contribution ran below the $3,659 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 · 20232
COMPERIO RETIREMENT CONSULTING INC · Investment advisory (plan)$75,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,121

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

Administrative cost history3
2024Not separately reported
2023$101,071 · 0.07%
2022$109,988 · 0.07%
Same employer
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Compucom Systems, Inc. SC$391.8M · 0.09%
Red Ventures LLC SC$271.5M · 0.17%
Elliott Davis, LLC SC$145.5M · 0.02%
Redsail Technologies, LLC SC$136.7M · 0.09%
Motley Rice LLC SC$118.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570386425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.