Plan Ledger DOL Form 5500 · updated monthly

Schilling Brothers Lumber & Hardware, Inc.401(k)

SCHILLING BROTHERS LUMBER & HARDWARE, INC. PROFIT SHARING PLAN · MERRILLVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Schilling Brothers Lumber & Hardware, Inc. reported $100,986 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,827 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 rose from 0.90% to 0.97%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (854th of 1,562), and the 2,445th of 5,215 in retail trade. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,983,217
Participants with balances265
Active participants176
Employer contributions$497,523
Employee contributions$772,904
Employer contribution per active participant$2,827
Average account balance$41,446
Benefits paid to participants$876,784
Plan auditUnmodified (clean) audit opinion
AuditorHUMPHREY CPA GROUP, L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 265 accts · $498K emplr
2023$9.8M · 249 accts · $457K emplr
2022$7.8M · 213 accts · $431K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,495
Investment management$62,491
Audit (IQPA)$6,000
Trustee / custodial$1,000
Total administrative$100,986
The Schilling Brothers Lumber & Hardware, Inc. 401(k) match · 2024
Employer contribution per active participant$2,827
Median for plans this size$2,416
2024$2,827 per active participant
2023$2,610 per active participant
2022$2,612 per active participant

Schilling Brothers Lumber & Hardware, Inc.'s 2024 employer contribution ran above the $2,416 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
NEWPORT GROUP, INC. · Recordkeeping · Consulting$31,495
SMITH FINANCIAL INVESTMENT ADVISORS · Investment advisory (plan)$62,491
HUMPHREY CPA GROUP, LLC · Accounting / audit$6,000

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$100,986 · 0.97%
2023$83,397 · 0.95%
2022$72,691 · 0.90%
Same employer
Similar plansRetail Trade · Indiana
Standale Lumber LLC IN$12.1M · 0.37%
Resident Home, LLC IN$11.8M · 0.26%
Uebelhor and Sons Chevrolet IN$11.4M · 0.37%
Quality Structures, LLC IN$10.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351414433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.