Plan Ledger DOL Form 5500 · updated monthly

Shaffer Distributing Co.401(k)

SHAFFER DISTRIBUTING CO. 401(K) AND PROFIT SHARING PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Shaffer Distributing Co. reported $53,003 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $3,114 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.

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 Ohio (2,023rd of 3,295), and 2,697th of 5,215 in retail trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,618,798
Participants with balances138
Active participants109
Employer contributions$339,471
Employee contributions$643,130
Employer contribution per active participant$3,114
Average account balance$69,701
Benefits paid to participants$1,047,586
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,330
Investment management$29,673
Total administrative$53,003
The Shaffer Distributing Co. 401(k) match · 2024
Employer contribution per active participant$3,114
Median for plans this size$1,313

Shaffer Distributing Co.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$29,673
ADP, INC. · Recordkeeping$23,330

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

Administrative cost history1
2024$53,003 · 0.59%
All plans at this employer2
SHAFFER DISTRIBUTING CO. 401(K) AND PROFIT SHARING PLAN401(k)
SHAFFER DISTRIBUTING CO. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansRetail Trade · Ohio
Pure Romance, LLC OH$9.9M · 0.59%
Remke Markets, Inc. OH$9.8M · 0.45%
Greenwood Chevrolet, Inc. OH$9.6M · 0.04%
Ritz Safety LLC OH$9.6M · 0.92%
Trademark Global, LLC OH$9.5M · 0.73%
Oki Furniture Fair LLC OH$9.2M · 0.62%
Beau Townsend Ford, Inc. OH$9.2M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 314304446 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.