Plan Ledger DOL Form 5500 · updated monthly

School Specialty, LLC401(k)

SCHOOL SPECIALTY 401(K) PLAN · GREENVILLE, WI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

School Specialty, LLC reported $247,404 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,057 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 0.29% to 0.27%. 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 231st-largest of 1,936 plans among Wisconsin employers on file, and the 419th of 4,246 in wholesale trade. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has shrunk from 1,287 to 1,054 since 2022.

Plan summary
Net assets, end of year$99,029,542
Participants with balances1,485
Active participants1,054
Employer contributions$2,168,256
Employee contributions$6,746,303
Employer contribution per active participant$2,057
Average account balance$66,687
Benefits paid to participants$10,394,498
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$99.0M · 1,485 accts · $2.2M emplr
2023$86.7M · 1,629 accts · $2.3M emplr
2022$69.9M · 1,655 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$153,651
Investment management$93,753
Total administrative$247,404
The School Specialty, LLC 401(k) match · 2024
Employer contribution per active participant$2,057
Median for plans this size$3,635
2024$2,057 per active participant
2023$1,979 per active participant
2022$810 per active participant

School Specialty, LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$153,651
CREATIVE PLANNING, LLC · Investment advisory (plan)$93,753
BAKER TILLY VIRCHOW KRAUSE, LLP · Accounting / auditindirect 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$247,404 · 0.27%
2023$223,655 · 0.29%
2022$218,690 · 0.29%
Similar plansWholesale Trade · Wisconsin
Gordon Flesch Company, Inc. WI$153.5M · 0.08%
Lemans Corporation WI$122.3M · 0.22%
Russel Metals Inc. WI$118.4M · 0.01%
Laforce, LLC WI$100.7M · 0.16%
Jx Enterprises, Inc. WI$91.8M · 0.21%
Frank Liquor Company, Inc. WI$91.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 852162684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.