Plan Ledger DOL Form 5500 · updated monthly

Scott Byron & Co., Inc.401(k)

SCOTT BYRON & CO. , INC. SALARY SAVINGS AND PROFIT SHARING PLAN · LAKE BLUFF, IL · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Scott Byron & Co., Inc. reported $61,963 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,028 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 0.57% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Illinois (2,163rd of 3,702), and the 387th of 945 in agriculture, forestry & fishing. In 2024, employees put in $4.62 for every $1.00 the employer contributed; active participation has shrunk from 252 to 85 since 2022.

Plan summary
Net assets, end of year$12,594,805
Participants with balances131
Active participants85
Employer contributions$87,397
Employee contributions$403,409
Employer contribution per active participant$1,028
Average account balance$96,144
Benefits paid to participants$343,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 131 accts · $87K emplr
2023$11.1M · 115 accts
2022$9.4M · 114 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,576
Investment management$20,887
Audit (IQPA)$10,500
Total administrative$61,963
The Scott Byron & Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,028
Median for plans this size$2,416

Scott Byron & Co., Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
JOHN HANCOCK RETIRMENT PLAN SVRCS · Recordkeeping · Loan processing$30,576
MESIROW FINANCIAL · Investment advisory (plan)$20,887
SMITH & HOWARD PC · Accounting / audit$10,500

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$61,963 · 0.52%
2023$60,279 · 0.59%
2022$59,811 · 0.57%
Similar plansAgriculture, Forestry & Fishing · Illinois
Pharmacann Inc IL$18.5M · 2.18%
United Prairie, LLC IL$16.9M · 0.49%
Encore Services, LLC IL$11.6M · 0.01%
Gdm Seeds, Inc. IL$9.4M · 0.55%
Pearl City Elevator, Inc. IL$8.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363217398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.