Plan Ledger DOL Form 5500 · updated monthly

Shelby Gravel, Inc.401(k)

SHELBY GRAVEL, INC. EMPLOYEE 401(K) RETIREMENT PLAN · SHELBYVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Shelby Gravel, Inc. reported $160,163 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,948 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 0.50% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 404th-largest of 1,562 plans among Indiana employers on file, and the 1,256th of 4,246 in wholesale trade. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 185 to 250 since 2022.

Plan summary
Net assets, end of year$32,928,166
Participants with balances288
Active participants250
Employer contributions$1,237,097
Employee contributions$1,704,853
Employer contribution per active participant$4,948
Average account balance$114,334
Benefits paid to participants$1,548,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 288 accts · $1.2M emplr
2023$27.7M · 260 accts · $1.2M emplr
2022$22.0M · 238 accts · $975K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,618
Audit (IQPA)$34,545
Total administrative$160,163
The Shelby Gravel, Inc. 401(k) match · 2024
Employer contribution per active participant$4,948
Median for plans this size$2,416
2024$4,948 per active participant
2023$5,179 per active participant
2022$5,273 per active participant

Shelby Gravel, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
MORGAN STANLEY · Investment advisory (plan)$74,854
MCGLADREY LLP · Accounting / audit$34,545
AMERICAN PENSION ADVISORS, LTD. · Contract administrator$800

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

Administrative cost history3
2024$160,163 · 0.53%
2023$118,845 · 0.48%
2022$121,906 · 0.50%
Same employer
Similar plansWholesale Trade · Indiana
Indiana Beverage, Inc. IN$41.9M · 0.09%
Gnap, LLC IN$33.1M · 0.02%
Nachi America, Inc. IN$32.8M · 0.04%
Linc Acquisition Co. IN$30.7M · 0.33%
Horner Electric Inc. IN$28.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350903596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.