Plan Ledger DOL Form 5500 · updated monthly

Renfrow Brothers, Inc.401(k)

RENFROW BROTHERS INC. 401(K) PLAN · SPARTANBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Renfrow Brothers, Inc. reported $52,376 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $2,136 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 3 years on file its reported administrative ratio has held roughly steady near 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in South Carolina (483rd of 807), and 3,398th of 5,337 in construction. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 191 to 245 since 2022.

Plan summary
Net assets, end of year$7,945,200
Participants with balances267
Active participants245
Employer contributions$523,412
Employee contributions$784,519
Employer contribution per active participant$2,136
Average account balance$29,757
Benefits paid to participants$723,534
Plan auditUnmodified (clean) audit opinion
AuditorGOSNELL MENARD ROBINSON INFANTE CPA
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 267 accts · $523K emplr
2023$6.7M · 250 accts · $483K emplr
2022$4.9M · 222 accts · $433K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,376
Total administrative$52,376
The Renfrow Brothers, Inc. 401(k) match · 2024
Employer contribution per active participant$2,136
Median for plans this size$1,313
2024$2,136 per active participant
2023$2,225 per active participant
2022$2,269 per active participant

Renfrow Brothers, 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.

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 · 20245
LEAFHOUSE FINANCIAL ADVISORS, LLC$3,537
EMPOWER ADVISORY GROUP, LLC · Investment management$2,618
STRINGER RESOURCE GROUP · Contract administrator$1,450
NORTHWESTERN MUTUAL INVESTMENT SVCSindirect 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$52,376 · 0.72%
2023$39,674 · 0.68%
2022$36,302 · 0.71%
Same employer
Similar plansConstruction · South Carolina
Century III, Inc. SC$9.4M · 1.08%
Atlantic Electric, LLC SC$7.6M · 0.08%
Doc Maintenance, Inc. SC$6.4M · 0.78%
Metal Trades, Inc. SC$6.3M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570970448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.