Plan Ledger DOL Form 5500 · updated monthly

Scentsy, Inc.401(k)

SCENTSY, INC. RETIREMENT PLAN · MERIDIAN, ID · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Scentsy, Inc. reported $209,710 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,304 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 0.41% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 33rd-largest of 349 plans among Idaho employers on file, and the 472nd of 5,215 in retail trade. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 1,419 to 1,150 since 2022.

Plan summary
Net assets, end of year$75,760,940
Participants with balances1,421
Active participants1,150
Employer contributions$2,650,126
Employee contributions$5,150,007
Employer contribution per active participant$2,304
Average account balance$53,315
Benefits paid to participants$9,241,038
Plan auditUnmodified (clean) audit opinion
AuditorLEAVITT CHRISTENSEN & CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$75.8M · 1,421 accts · $2.7M emplr
2023$68.3M · 1,615 accts · $2.9M emplr
2022$55.7M · 1,700 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,230
Investment management$50,930
Audit (IQPA)$10,550
Total administrative$209,710
The Scentsy, Inc. 401(k) match · 2024
Employer contribution per active participant$2,304
Median for plans this size$3,635
2024$2,304 per active participant
2023$2,338 per active participant
2022$2,196 per active participant

Scentsy, 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$148,230
GLOBAL RETIREMENT PARTNERS, LLC · Consulting · Investment advisory (plan)$50,930
LEAVITT CHRISTENSEN & CO., PLLC · Accounting / audit$10,550

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$209,710 · 0.29%
2023$213,683 · 0.34%
2022$238,391 · 0.41%
Same employer
Similar plansRetail Trade · Idaho
Norco, Inc. ID$196.2M
The Terteling Company, Inc. ID$183.2M · 0.18%
Melaleuca, Inc. ID$139.8M · 0.24%
Jacksons Food Stores, Inc. ID$50.7M · 0.32%
Parker Motors, Inc. ID$43.8M · 0.33%
Scandinavian Designs, Inc. ID$41.1M · 0.49%
Right! Systems, Inc. ID$31.9M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841624958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.