Plan Ledger DOL Form 5500 · updated monthly

Santmyer Companies, Inc.401(k)

SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING PLAN · WOOSTER, OH · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Santmyer Companies, Inc. reported $45,786 in plan administrative expenses for 2023: 0.80% of average plan assets, above the peer median. Employer contributions averaged $1,867 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 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Ohio (2,411th of 3,295), and 3,487th of 4,246 in wholesale trade. In 2023, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,090,317
Participants with balances114
Active participants119
Employer contributions$222,212
Employee contributions$420,942
Employer contribution per active participant$1,867
Average account balance$53,424
Benefits paid to participants$698,154
Plan auditUnmodified (clean) audit opinion
AuditorCOHEN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 93 accts · $202K emplr
2023$6.1M · 114 accts · $222K emplr
2022$5.3M · 114 accts · $227K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,786
Total administrative$45,786
The Santmyer Companies, Inc. 401(k) match · 2023
Employer contribution per active participant$1,867
Median for plans this size$1,308
2024$1,942 per active participant
2023$1,867 per active participant
2022$1,873 per active participant

Santmyer Companies, Inc.'s 2023 employer contribution ran above the $1,308 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 · 20233
NORTH AMERICAN KTRADE ALLIANCE, LLC · Recordkeeping$13,755
MEYERS WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$26,994
LATITUDE SERVICE COMPANY, INC · Other services$5,037

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

Recordkeeper by year2
2024NORTH AMERICAN KTRADE ALLIANCE, LLC
2023NORTH AMERICAN KTRADE ALLIANCE, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,116 · 0.93%
2023$45,786 · 0.80%
2022$55,621 · 0.96%
Similar plansWholesale Trade · Ohio
Nwo Beverage, Inc. OH$6.4M · 0.64%
Produce One, Inc. OH$6.1M · 0.68%
Mfs Supply, LLC OH$6.1M · 0.78%
Winston Products, LLC OH$5.4M · 0.10%
Weaver Brothers, Inc. OH$5.4M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341403337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.