Plan Ledger DOL Form 5500 · updated monthly

Palmetto Corp of Conway401(k)

PALMETTO CORP OF CONWAY 401(K) PLAN · CONWAY, SC · plan year 2025

Reported admin expense ratio · 2025
1.13%

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

Palmetto Corp of Conway reported $135,593 in plan administrative expenses for 2025: 1.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $756 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 rose from 1.02% to 1.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other construction employers. By assets it is the 369th-largest of 807 plans among South Carolina employers on file, and 2,682nd of 5,337 in construction. In 2025, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 573 to 817 since 2022.

Plan summary
Net assets, end of year$13,016,539
Participants with balances267
Active participants817
Employer contributions$618,026
Employee contributions$1,140,865
Employer contribution per active participant$756
Average account balance$48,751
Benefits paid to participants$1,692,613
Plan auditUnmodified (clean) audit opinion
AuditorSHARPE PATEL PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$13.0M · 267 accts · $618K emplr
2024$11.0M · 255 accts · $561K emplr
2023$9.1M · 212 accts · $454K emplr
2022$6.8M · 185 accts · $419K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$135,593
Total administrative$135,593
The Palmetto Corp of Conway 401(k) match · 2025
Employer contribution per active participant$756
Median for plans this size$2,666
2025$756 per active participant
2024$720 per active participant
2023$698 per active participant
2022$732 per active participant

Palmetto Corp of Conway's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
MERRILL LYNCH · Investment advisory (participants)indirect comp

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

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

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

Administrative cost history4
2025$135,593 · 1.13%
2024$116,042 · 1.16%
2023$88,096 · 1.10%
2022$70,873 · 1.02%
Same employer
Similar plansConstruction · South Carolina
Thompson Trucking Co SC$14.0M · 0.51%
Century III, Inc. SC$9.4M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570851898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.