Plan Ledger DOL Form 5500 · updated monthly

Southwest Texas Equipment Distributors, Inc.401(k)

SOUTHWEST TEXAS EQUIPMENT DISTRIBUTORS, INC. PROFIT SHARING PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Southwest Texas Equipment Distributors, Inc. reported $69,465 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,924 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 2 years on file its reported administrative ratio fell from 0.51% to 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 2,055th-largest of 5,688 plans among Texas employers on file, and the 1,923rd of 4,246 in wholesale trade. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,565,900
Participants with balances181
Active participants249
Employer contributions$479,199
Employee contributions$1,018,827
Employer contribution per active participant$1,924
Average account balance$108,099
Benefits paid to participants$2,097,692
Plan auditUnmodified (clean) audit opinion
AuditorABIP PC
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 181 accts · $479K emplr
2023$18.5M · 188 accts · $444K emplr
2022$17.5M · 196 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,560
Investment management$42,905
Total administrative$69,465
The Southwest Texas Equipment Distributors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,924
Median for plans this size$2,416
2024$1,924 per active participant
2023$1,913 per active participant
2022$1,835 per active participant

Southwest Texas Equipment 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,560
MARCADO ASSET MANAGEMENT LLC · Investment advisory (plan)$22,891
1900 WEALTH MANAGEMENT LLC · Investment advisory (plan)$15,088

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$69,465 · 0.37%
2023$5,652 · 0.03%
2022$95,363 · 0.51%
Same employer
Similar plansWholesale Trade · Texas
Mannatech Incorporated TX$19.8M · 0.64%
Tifco Industries, Inc. TX$19.8M · 0.28%
M. Lipsitz & Co., LTD. TX$19.5M · 0.07%
R.E. Sweeney Company, Inc. TX$19.5M · 0.10%
Hatfield and Company, Inc. TX$19.4M · 0.49%
Synergy Enterprises, Inc. TX$19.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742584530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.