Plan Ledger DOL Form 5500 · updated monthly

Snider Tire, Inc.401(k)

SNIDER TIRE, INC. PROFIT SHARING AND SALARY DEFERRAL SAVINGS PLAN · FORT MILL, SC · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Snider Tire, Inc. reported $169,251 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,065 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 has held roughly steady near 0.42%. 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 136th-largest of 807 plans among South Carolina employers on file, and the 3,551st of 13,661 in manufacturing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has shrunk from 1,369 to 1,151 since 2022.

Plan summary
Net assets, end of year$42,216,505
Participants with balances1,283
Active participants1,151
Employer contributions$2,376,289
Employee contributions$3,748,701
Employer contribution per active participant$2,065
Average account balance$32,905
Benefits paid to participants$7,050,250
Plan auditUnmodified (clean) audit opinion
AuditorDMJPS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$42.2M · 1,283 accts · $2.4M emplr
2023$38.0M · 1,333 accts · $2.1M emplr
2022$31.1M · 1,490 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,251
Total administrative$169,251
The Snider Tire, Inc. 401(k) match · 2024
Employer contribution per active participant$2,065
Median for plans this size$2,416
2024$2,065 per active participant
2023$1,792 per active participant
2022$1,131 per active participant

Snider Tire, Inc.'s 2024 employer contribution ran below 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$169,251
CREATIVE PLANNING, LLC · Investment advisory (participants)indirect comp

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$169,251 · 0.42%
2023$167,721 · 0.49%
2022$138,182 · 0.41%
Same employer
Similar plansManufacturing · South Carolina
Springs Global US, Inc. SC$51.3M · 0.19%
Wikoff Color Corporation SC$47.3M · 0.35%
Contec, Inc. SC$46.9M · 0.40%
Proterra, Inc SC$40.2M · 0.24%
Atotech USA, LLC SC$36.6M · 0.09%
Agy Holding Corp. SC$36.0M · 0.24%
Giant Cement Holding, Inc. SC$34.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560579497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.