Plan Ledger DOL Form 5500 · updated monthly

Southern Diversified Distributors, Inc.401(k)

SOUTHERN DIVERSIFIED DISTRIBUTORS, INC. 401(K) RETIREMENT PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Southern Diversified Distributors, Inc. reported $71,957 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,781 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 0.37%. 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 262nd-largest of 807 plans among South Carolina employers on file, and the 1,841st of 4,246 in wholesale trade. In 2024, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,641,656
Participants with balances295
Active participants242
Employer contributions$431,077
Employee contributions$1,256,668
Employer contribution per active participant$1,781
Average account balance$69,972
Benefits paid to participants$1,560,781
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 295 accts · $431K emplr
2023$18.0M · 272 accts · $436K emplr
2022$14.7M · 335 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,721
Investment management$39,236
Total administrative$71,957
The Southern Diversified Distributors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,781
Median for plans this size$2,416
2024$1,781 per active participant
2023$1,862 per active participant
2022$1,626 per active participant

Southern Diversified Distributors, 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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$32,721
REGION'S BANK · Investment advisory (plan)$39,236

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$71,957 · 0.37%
2023$72,363 · 0.44%
2022$62,730 · 0.38%
Same employer
Similar plansWholesale Trade · South Carolina
Gerber Childrenswear LLC SC$21.8M · 0.20%
Quoizel, LLC SC$19.3M · 0.35%
North American Rescue, LLC SC$14.4M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 562394188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.