Plan Ledger DOL Form 5500 · updated monthly

Nutramax Laboratories, Inc.401(k)

NUTRAMAX LABORATORIES, INC. 401(K) PROFIT SHARING PLAN · LANCASTER, SC · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Nutramax Laboratories, Inc. reported $127,928 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $7,742 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 0.12% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 78th-largest of 807 plans among South Carolina employers on file, and the 1,956th of 11,654 in professional & technical services. In 2024, the employer put in $1.82 for every $1.00 employees contributed themselves; active participation has grown from 713 to 830 since 2022.

Plan summary
Net assets, end of year$74,053,707
Participants with balances955
Active participants830
Employer contributions$6,425,939
Employee contributions$3,537,354
Employer contribution per active participant$7,742
Average account balance$77,543
Benefits paid to participants$6,511,485
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.1M · 955 accts · $6.4M emplr
2023$62.2M · 878 accts · $5.5M emplr
2022$53.4M · 893 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,487
Investment management$27,941
Audit (IQPA)$19,500
Total administrative$127,928
The Nutramax Laboratories, Inc. 401(k) match · 2024
Employer contribution per active participant$7,742
Median for plans this size$3,635
2024$7,742 per active participant
2023$7,128 per active participant
2022$6,748 per active participant

Nutramax Laboratories, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
ALERUS FINANCIAL$87,538
COASTAL PENSION SERVICES, INC. · Contract administrator$20,890
ELLIOTT DAVIS · Accounting / audit$19,500

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$127,928 · 0.19%
2023$89,783 · 0.16%
2022$67,986 · 0.12%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Motley Rice LLC SC$118.8M · 0.03%
Benefitfocus.com, Inc. SC$109.7M · 0.13%
Terminix Service, Inc. SC$98.1M · 0.18%
LS3P Associates LTD. SC$72.3M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521590810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.