Plan Ledger DOL Form 5500 · updated monthly

Sport Clips, Inc.401(k)

THE SPORT CLIPS GAME PLAN · GEORGETOWN, TX · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Sport Clips, Inc. reported $15,656 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,029 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 rose from 0.05% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,896th-largest of 5,688 plans among Texas employers on file, and the 985th of 3,341 in other services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 538 to 1,181 since 2022.

Plan summary
Net assets, end of year$21,946,089
Participants with balances1,059
Active participants1,181
Employer contributions$1,214,675
Employee contributions$1,948,192
Employer contribution per active participant$1,029
Average account balance$20,723
Benefits paid to participants$2,525,197
Plan auditUnmodified (clean) audit opinion
AuditorRYAN & MANN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 1,059 accts · $1.2M emplr
2023$18.7M · 896 accts · $1.1M emplr
2022$15.9M · 740 accts · $922K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,656
Total administrative$15,656
The Sport Clips, Inc. 401(k) match · 2024
Employer contribution per active participant$1,029
Median for plans this size$2,416
2024$1,029 per active participant
2023$1,870 per active participant
2022$1,713 per active participant

Sport Clips, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$15,656
WELLS FARGO CLEARING SERVICES LLCindirect 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$15,656 · 0.08%
2023$10,931 · 0.06%
2022$8,825 · 0.05%
Same employer
Similar plansOther Services · Texas
Arnold Ventures LLC TX$24.4M · 0.02%
Kibo Software, Inc. TX$23.1M · 0.24%
Liberty Lift Solutions LLC TX$22.7M · 0.26%
Dallas Theological Seminary TX$20.9M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742759375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.