Plan Ledger DOL Form 5500 · updated monthly

Plumb Supply Company401(k)

PLUMB SUPPLY COMPANY 401(K) PROFIT SHARING PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Plumb Supply Company reported $139,220 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,798 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 0.33% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 176th-largest of 878 plans among Iowa employers on file, and the 746th of 4,246 in wholesale trade. In 2024, employees put in $1.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,456,937
Participants with balances440
Active participants382
Employer contributions$1,832,959
Employee contributions$1,975,049
Employer contribution per active participant$4,798
Average account balance$123,766
Benefits paid to participants$4,321,210
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.5M · 440 accts · $1.8M emplr
2023$48.4M · 428 accts · $1.7M emplr
2022$40.2M · 464 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,220
Total administrative$139,220
The Plumb Supply Company 401(k) match · 2024
Employer contribution per active participant$4,798
Median for plans this size$3,635
2024$4,798 per active participant
2023$4,787 per active participant
2022$6,727 per active participant

Plumb Supply Company's 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$139,220
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$139,220 · 0.27%
2023$123,174 · 0.28%
2022$143,797 · 0.33%
Similar plansWholesale Trade · Iowa
State Steel Supply Co. IA$72.3M · 0.00%
Barton Solvents, Inc. IA$64.6M · 0.28%
Echo Group, Inc. IA$62.4M · 0.45%
Tomy International, Inc. IA$54.5M · 0.34%
Iowa 80 Group, Inc. IA$53.4M · 0.16%
Quick Supply Company IA$48.4M · 0.32%
Ifp Motion Solutions IA$46.8M · 0.20%
Bossard U.S. Holdings, Inc. IA$42.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205528317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.