Plan Ledger DOL Form 5500 · updated monthly

Priority Wire & Cable, Inc.401(k)

PRIORITY WIRE & CABLE, INC 401(K) & PROFIT SHARING PLAN · LITTLE ROCK, AR · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Priority Wire & Cable, Inc. reported $189,802 in plan administrative expenses for 2023: 0.22% of average plan assets, above the peer median. Employer contributions averaged $9,807 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 0.55% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 43rd-largest of 456 plans among Arkansas employers on file, and the 425th of 4,246 in wholesale trade. In 2023, the employer put in $3.43 for every $1.00 employees contributed themselves; active participation has grown from 1,260 to 1,514 since 2022.

Plan summary
Net assets, end of year$97,672,523
Participants with balances1,648
Active participants1,514
Employer contributions$14,847,984
Employee contributions$4,333,417
Employer contribution per active participant$9,807
Average account balance$59,267
Benefits paid to participants$6,418,733
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$70.1M · 755 accts · $7.6M emplr
2023$97.7M · 1,648 accts · $14.8M emplr
2022$73.5M · 2,113 accts · $12.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$108,647
Investment management$81,155
Total administrative$189,802
The Priority Wire & Cable, Inc. 401(k) match · 2023
Employer contribution per active participant$9,807
Median for plans this size$3,659
2024$10,440 per active participant
2023$9,807 per active participant
2022$10,024 per active participant

Priority Wire & Cable, Inc.'s 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$56,297
CREATIVE PLANNING HOLDCO LL · Investment management$67,427
HCJ CPAS AND ADVISORS PLLC · Accounting / audit$16,680
CREATIVE PLANNING INC · Investment management$13,727

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$118,639 · 0.14%
2023$189,802 · 0.22%
2022$406,920 · 0.55%
Same employer
Similar plansWholesale Trade · Arkansas
Barco, Inc. GA$98.3M · 0.20%
Campari America NY$97.9M · 0.06%
Bramco Inc. KY$97.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710732557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.