Plan Ledger DOL Form 5500 · updated monthly

Sharp Shopper, Inc.401(k)

THE SHARP SHOPPER, INC PROFIT SHARING & 401(K) PLAN · EPHRATA, PA · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Sharp Shopper, Inc. reported $39,944 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $1,105 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 0.34% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Pennsylvania (1,860th of 3,651), and the 1,914th of 5,215 in retail trade. In 2023, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,912,707
Participants with balances409
Active participants338
Employer contributions$373,422
Employee contributions$594,711
Employer contribution per active participant$1,105
Average account balance$36,461
Benefits paid to participants$1,340,263
Plan auditUnmodified (clean) audit opinion
AuditorSIMON LEVER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 440 accts · $402K emplr
2023$14.9M · 409 accts · $373K emplr
2022$13.2M · 411 accts · $370K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,777
Investment management$31,167
Total administrative$39,944
The Sharp Shopper, Inc. 401(k) match · 2023
Employer contribution per active participant$1,105
Median for plans this size$2,440
2024$1,116 per active participant
2023$1,105 per active participant
2022$1,143 per active participant

Sharp Shopper, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$8,777
EVERENCE TRUST COMPANY · Investment advisory (plan)$31,167

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$19,457 · 0.13%
2023$39,944 · 0.28%
2022$50,226 · 0.34%
Same employer
Similar plansRetail Trade · Pennsylvania
Jako Enterprises, LLC PA$15.5M · 0.22%
Civic Automobiles Group PA$15.3M · 0.17%
Garnet Ford, Inc. PA$15.0M · 0.37%
Scott Imports, Inc. PA$14.8M · 0.27%
O. C. Cluss Lumber Company PA$14.7M · 0.35%
Country Fair, Inc. PA$14.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232985791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.