Plan Ledger DOL Form 5500 · updated monthly

Snyder Paper Corporation401(k)

SNYDER PAPER CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · HICKORY, NC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Snyder Paper Corporation reported $22,177 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,028 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 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in North Carolina (1,137th of 2,005), and 2,976th of 4,246 in wholesale trade. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has shrunk from 342 to 265 since 2022.

Plan summary
Net assets, end of year$9,584,041
Participants with balances141
Active participants265
Employer contributions$272,513
Employee contributions$446,792
Employer contribution per active participant$1,028
Average account balance$67,972
Benefits paid to participants$486,462
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 141 accts · $273K emplr
2023$8.1M · 117 accts · $245K emplr
2022$6.9M · 116 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,198
Investment management$9,669
Trustee / custodial$3,310
Total administrative$22,177
The Snyder Paper Corporation 401(k) match · 2024
Employer contribution per active participant$1,028
Median for plans this size$1,313
2024$1,028 per active participant
2023$941 per active participant
2022$725 per active participant

Snyder Paper Corporation's 2024 employer contribution ran below the $1,313 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
PAYCHEX, INC. · Recordkeeping$9,198
RESOURCES INVESTMENT ADVISORS · Investment advisory (participants)$9,669

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

Recordkeeper by year2
2024Paychex
2023Ascensus

This plan has changed recordkeepers within these filings. If you left Snyder Paper Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,177 · 0.25%
2023$31,995 · 0.43%
2022$18,194 · 0.24%
Similar plansWholesale Trade · North Carolina
M. R. Williams, Inc. NC$10.8M · 0.36%
4C Holding, LLC NC$10.2M · 0.71%
Affinity Southeast NC$9.8M · 0.59%
Carlton Group, Inc. NC$9.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560484179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.