Plan Ledger DOL Form 5500 · updated monthly

Sherrill, Inc.401(k)

SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST · GREENSBORO, NC · plan year 2025

Reported admin expense ratio · 2025
0.64%

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

Sherrill, Inc. reported $83,948 in plan administrative expenses for 2025: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,427 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 rose from 0.54% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other retail trade employers. By assets it is the 919th-largest of 2,005 plans among North Carolina employers on file, and the 2,013th of 5,215 in retail trade. In 2025, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 338 to 239 since 2022.

Plan summary
Net assets, end of year$14,003,415
Participants with balances290
Active participants239
Employer contributions$579,945
Employee contributions$1,191,156
Employer contribution per active participant$2,427
Average account balance$48,288
Benefits paid to participants$2,299,685
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$14.0M · 290 accts · $580K emplr
2024$12.2M · 376 accts · $474K emplr
2023$10.6M · 338 accts · $381K emplr
2022$8.2M · 315 accts · $424K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$83,948
Total administrative$83,948
The Sherrill, Inc. 401(k) match · 2025
Employer contribution per active participant$2,427
Median for plans this size$2,666
2025$2,427 per active participant
2024$2,303 per active participant
2023$2,015 per active participant
2022$1,255 per active participant

Sherrill, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$29,605
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$50,139

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

Recordkeeper by year3
2025Transamerica
2024Transamerica
2023Transamerica

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

Administrative cost history4
2025$83,948 · 0.64%
2024$68,923 · 0.60%
2023$56,881 · 0.60%
2022$46,714 · 0.54%
Same employer
Similar plansRetail Trade · North Carolina
Transource, Inc. NC$15.2M · 0.00%
Aeroflow Healthcare, Inc. NC$14.6M · 0.77%
Fleet Feet, Incorporated NC$14.2M · 0.60%
C.R.T.S., Inc. NC$14.0M · 0.36%
Tires Unlimited Inc. NC$13.1M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560961953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.