Plan Ledger DOL Form 5500 · updated monthly

Scs Direct Inc.401(k)

SCS DIRECT 401(K) PLAN · TRUMBULL, CT · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Scs Direct Inc. reported $20,975 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,433 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 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Connecticut (953rd of 1,106), and 4,041st of 5,215 in retail trade. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,037,079
Participants with balances146
Active participants120
Employer contributions$171,903
Employee contributions$293,280
Employer contribution per active participant$1,433
Average account balance$27,651
Benefits paid to participants$386,049
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 146 accts · $172K emplr
2023$3.5M · 149 accts · $170K emplr
2022$2.7M · 151 accts · $167K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,975
Total administrative$20,975
The Scs Direct Inc. 401(k) match · 2024
Employer contribution per active participant$1,433
Median for plans this size$1,313
2024$1,433 per active participant
2023$1,357 per active participant
2022$1,291 per active participant

Scs Direct Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$20,974

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$20,975 · 0.55%
2023$16,583 · 0.53%
2022$14,845 · 0.53%
Same employer
Similar plansRetail Trade · Connecticut
Defender Industries Inc CT$5.0M · 0.02%
Mauro Motors, Inc. CT$4.7M · 0.36%
Premier Automotive CT$4.5M · 0.04%
Drust Markets, LLC CT$3.7M · 0.67%
Ct Gardens, LLC CT$3.4M · 0.09%
Hy Labonne & Sons, Inc CT$3.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061499829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.