Plan Ledger DOL Form 5500 · updated monthly

Parrish-Hare Electrical Supply401(k)

PARRISH-HARE ELECTRICAL SUPPLY 401(K) PLAN · IRVING, TX · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Parrish-Hare Electrical Supply reported $72,268 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $3,332 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 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,662nd-largest of 5,688 plans among Texas employers on file, and the 1,479th of 4,246 in wholesale trade. In 2023, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 243 to 271 since 2022.

Plan summary
Net assets, end of year$27,038,832
Participants with balances212
Active participants271
Employer contributions$902,925
Employee contributions$1,998,226
Employer contribution per active participant$3,332
Average account balance$127,542
Benefits paid to participants$2,818,066
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $529K emplr
2023$27.0M · 212 accts · $903K emplr
2022$23.7M · 198 accts · $774K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,393
Investment management$60,875
Total administrative$72,268
The Parrish-Hare Electrical Supply 401(k) match · 2023
Employer contribution per active participant$3,332
Median for plans this size$2,440
2023$3,332 per active participant
2022$3,185 per active participant

Parrish-Hare Electrical Supply's 2023 employer contribution ran above the $2,440 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
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (plan)$60,833
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,393

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$72,268 · 0.28%
2022$72,467 · 0.29%
Same employer
Similar plansWholesale Trade · Texas
T. F. Hudgins, Inc. TX$28.1M · 0.08%
Abatix Corp. TX$27.8M · 0.31%
Trans-Tech Energy, LLC TX$26.2M · 0.47%
Insco Distributing, Inc. TX$26.0M · 0.05%
Boedeker Plastics Inc. TX$25.7M · 0.30%
Star Pipe Products, LTD. TX$25.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812022125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.