Plan Ledger DOL Form 5500 · updated monthly

Southern Glazer's Wine and Spirits, LLC401(k)

SOUTHERN GLAZER'S 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Southern Glazer's Wine and Spirits, LLC reported $1,338,052 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $2,463 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 4 years on file its reported administrative ratio rose from 0.06% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 17th-largest of 3,644 plans among Florida employers on file, and the 21st of 4,246 in wholesale trade. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 16,539 to 18,219 since 2020.

Plan summary
Net assets, end of year$2,071,024,330
Participants with balances19,804
Active participants18,219
Employer contributions$44,878,632
Employee contributions$130,781,347
Employer contribution per active participant$2,463
Average account balance$104,576
Benefits paid to participants$204,150,498
Plan auditUnmodified (clean) audit opinion
AuditorGRANT THORNTON,LLP
Plan history4
Yearassets · accounts · employer contribution
2024$2.1B · 19,804 accts · $44.9M emplr
2023$1.9B · 19,433 accts · $43.7M emplr
2022$1.6B · 17,999 accts · $41.7M emplr
2020$1.5B · 14,603 accts · $34.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$944,081
Investment management$393,971
Total administrative$1,338,052
The Southern Glazer's Wine and Spirits, LLC 401(k) match · 2024
Employer contribution per active participant$2,463
Median for plans this size$5,259
2024$2,463 per active participant
2023$2,280 per active participant
2022$2,288 per active participant
2020$2,059 per active participant

Southern Glazer's Wine and Spirits, LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$1,210,502
CAPFINANCIAL PARTNERS LLC · Investment management$126,875

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history4
2024$1,338,052 · 0.07%
2023$1,182,579 · 0.07%
2022$1,084,542 · 0.06%
2020$852,250 · 0.06%
All plans at this employer2
SOUTHERN GLAZER'S 401(K) PLAN401(k)
SOUTHERN GLAZER'S UNION 401(K) PLAN401(k)
Same employer
Similar plansWholesale Trade · Florida
Cencora, Inc. PA$2.4B · 0.04%
Bmw of North America, LLC NJ$2.3B · 0.12%
Ricoh USA, Inc. PA$2.2B · 0.05%
Hallmark Cards, Inc. MO$2.1B · 0.05%
Wesco Distribution, Inc. PA$1.9B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591285786 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.