Plan Ledger DOL Form 5500 · updated monthly

Srs Distribution Inc.401(k)

SRS DISTRIBUTION INC. 401(K) PLAN · MCKINNEY, TX · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Srs Distribution Inc. reported $829,606 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,690 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 0.22% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 183rd-largest of 5,688 plans among Texas employers on file, and the 117th of 5,337 in construction. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 9,305 to 10,432 since 2022.

Plan summary
Net assets, end of year$574,818,117
Participants with balances12,275
Active participants10,432
Employer contributions$38,490,241
Employee contributions$62,514,751
Employer contribution per active participant$3,690
Average account balance$46,828
Benefits paid to participants$63,922,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$574.8M · 12,275 accts · $38.5M emplr
2023$465.2M · 11,716 accts · $31.4M emplr
2022$334.0M · 10,317 accts · $34.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$699,531
Investment management$76,728
Total administrative$829,606
The Srs Distribution Inc. 401(k) match · 2024
Employer contribution per active participant$3,690
Median for plans this size$4,294
2024$3,690 per active participant
2023$2,981 per active participant
2022$3,664 per active participant

Srs Distribution Inc.'s 2024 employer contribution ran below the $4,294 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$689,166
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$76,728
ALVAREZ & MARSAL TAX, LLC · Consulting$64,089

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$829,606 · 0.16%
2023$744,192 · 0.19%
2022$681,094 · 0.22%
Same employer
Similar plansConstruction · Texas
Comfort Systems USA, Inc. TX$1.1B · 0.06%
Austin Industries, Inc. TX$511.6M · 0.10%
Weekley Homes TX$413.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261965852 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.