Plan Ledger DOL Form 5500 · updated monthly

Reeves Hardware Company, Inc.Profit-sharing plan

REEVES HARDWARE COMPANY RETIREMENT PLAN · CLAYTON, GA · plan year 2024

Employer contribution per participant · 2024
$1,869

Reeves Hardware Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,281,227 across 109 participant accounts, with employer contributions averaging $1,869 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.50% to 0.12%. 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 Georgia (1,514th of 2,160), and 3,432nd of 5,215 in retail trade. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,281,227
Participants with balances109
Active participants103
Employer contributions$192,530
Employee contributions$308,600
Employer contribution per active participant$1,869
Average account balance$57,626
Benefits paid to participants$1,276,772
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 109 accts · $193K emplr
2023$5.7M · 128 accts · $187K emplr
2022$5.8M · 113 accts · $178K emplr
Employer contributions to the Reeves Hardware Company, Inc. plan · 2024
Employer contribution per active participant$1,869
Median for plans this size$1,313
2024$1,869 per active participant
2023$1,795 per active participant
2022$1,563 per active participant

Reeves Hardware Company, Inc.'s 2024 employer contribution ran above 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.

Service providers · 20243
DEFINITI LLC · Contract administrator$1,125
CAPITAL GROUP RETIREMENT PLAN SVCS$350
BSP RETIREMENT SERVICES · Investment advisory (plan)$250

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$7,111 · 0.12%
2022$31,082 · 0.50%
Similar plansRetail Trade · Georgia
Jackson Automotive Group GA$6.4M · 0.06%
Onecoast, LLC GA$6.3M · 0.34%
Pittman Enterprises GA$5.8M · 0.05%
The Baran Company, LLC GA$5.8M · 0.27%
Gregory M. Parker, Inc. GA$5.8M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580523515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.