Plan Ledger DOL Form 5500 · updated monthly

Scansource, Inc.Profit-sharing plan

SCANSOURCE, INC. 401(K) PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Scansource, Inc. reported $198,758 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,133 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 1 year on file its reported administrative ratio fell from 0.10% to 0.09%. 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 31st-largest of 807 plans among South Carolina employers on file, and the 216th of 4,246 in wholesale trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$225,415,995
Participants with balances1,823
Active participants1,439
Employer contributions$3,068,908
Employee contributions$10,901,421
Employer contribution per active participant$2,133
Average account balance$123,651
Benefits paid to participants$32,202,765
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$225.4M · 1,823 accts · $3.1M emplr
2023$215.9M · 1,813 accts · $3.1M emplr
2022$193.1M · 1,930 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,814
Investment management$31,591
Total administrative$198,758
Employer contributions to the Scansource, Inc. plan · 2024
Employer contribution per active participant$2,133
Median for plans this size$3,635
2024$2,133 per active participant
2023$2,189 per active participant
2022$2,130 per active participant

Scansource, Inc.'s 2024 employer contribution ran below 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$106,814
MERRILL LYNCH · Investment advisory (plan)$60,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$31,591

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$198,758 · 0.09%
2023$214,178 · 0.10%
2022Not separately reported
Same employer
Similar plansWholesale Trade · South Carolina
True Value Company IL$228.7M · 0.09%
Sick, Inc. MN$228.4M · 0.08%
L. Knife & Son, Inc. MA$225.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570965380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.