Plan Ledger DOL Form 5500 · updated monthly

Palmetto Moon, LLC401(k)

PALMETTO MOON 401(K) PLAN · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
1.78%

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

Palmetto Moon, LLC reported $44,594 in plan administrative expenses for 2024: 1.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $801 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 fell from 1.96% to 1.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in South Carolina (659th of 807), and 4,402nd of 5,215 in retail trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 182 to 268 since 2022.

Plan summary
Net assets, end of year$2,830,758
Participants with balances226
Active participants268
Employer contributions$214,668
Employee contributions$414,540
Employer contribution per active participant$801
Average account balance$12,525
Benefits paid to participants$340,229
Plan auditUnmodified (clean) audit opinion
AuditorDAVIS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 226 accts · $215K emplr
2023$2.2M · 213 accts · $194K emplr
2022$1.5M · 154 accts · $153K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,797
Investment management$17,797
Total administrative$44,594
The Palmetto Moon, LLC 401(k) match · 2024
Employer contribution per active participant$801
Median for plans this size$1,313
2024$801 per active participant
2023$496 per active participant
2022$843 per active participant

Palmetto Moon, LLC's 2024 employer contribution ran below 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. · Loan processing · Recordkeeping$26,796
WEBSTERROGERS FINANCIAL ADVISORS, L · Investment advisory (plan)$17,797

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$44,594 · 1.78%
2023$32,486 · 1.76%
2022$29,848 · 1.96%
Same employer
Similar plansRetail Trade · South Carolina
Benson Nissan, Inc. SC$4.0M · 0.02%
The Salty Dog, Inc. SC$2.7M · 0.65%
Lowcountry Grocers, LLC SC$2.5M · 0.85%
Unique USA Inc. SC$2.4M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542065775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.