Plan Ledger DOL Form 5500 · updated monthly

Sharon Young, Inc.401(k)

SHARON YOUNG, INC. 401(K) PROFIT SHARING PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Sharon Young, Inc. reported $50,796 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,880 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 0.21% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,301st-largest of 5,688 plans among Texas employers on file, and the 6,710th of 13,661 in manufacturing. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,370,675
Participants with balances126
Active participants116
Employer contributions$450,037
Employee contributions$621,794
Employer contribution per active participant$3,880
Average account balance$129,926
Benefits paid to participants$451,584
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 126 accts · $450K emplr
2023$14.0M · 121 accts · $425K emplr
2022$12.3M · 118 accts · $207K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,093
Investment management$32,703
Total administrative$50,796
The Sharon Young, Inc. 401(k) match · 2024
Employer contribution per active participant$3,880
Median for plans this size$2,416
2024$3,880 per active participant
2023$3,939 per active participant
2022$1,846 per active participant

Sharon Young, 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$18,093
MONETA GROUP LLC · Investment advisory (plan)$32,703

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$50,796 · 0.33%
2023$40,991 · 0.31%
2022$26,992 · 0.21%
Same employer
Similar plansManufacturing · Texas
Holloway Houston, Inc. TX$16.6M · 0.04%
U.S. Lime & Minerals, Inc. TX$16.3M · 0.31%
Spitzer Industries, Inc. TX$16.3M · 0.57%
Tjl Industries Inc TX$16.1M · 0.33%
Danhil Containers II, LTD. TX$16.1M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752122740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.