Plan Ledger DOL Form 5500 · updated monthly

Standard Plumbing Supply Co.401(k)

STANDARD PLUMBING SUPPLY CO. 401(K) RETIREMENT SAVINGS PLAN · SANDY, UT · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Standard Plumbing Supply Co. reported $29,282 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $472 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 0.97% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Utah (563rd of 848), and 3,464th of 4,246 in wholesale trade. In 2024, employees put in $6.12 for every $1.00 the employer contributed; active participation has grown from 210 to 240 since 2022.

Plan summary
Net assets, end of year$6,222,851
Participants with balances242
Active participants240
Employer contributions$113,180
Employee contributions$692,758
Employer contribution per active participant$472
Average account balance$25,714
Benefits paid to participants$410,976
Plan auditDisclaimer of opinion
AuditorLARSON & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 242 accts · $113K emplr
2023$5.2M · 237 accts · $102K emplr
2022$4.7M · 234 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,282
Total administrative$29,282
The Standard Plumbing Supply Co. 401(k) match · 2024
Employer contribution per active participant$472
Median for plans this size$1,313
2024$472 per active participant
2023$480 per active participant
2022$453 per active participant

Standard Plumbing Supply Co.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,281
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$29,282 · 0.51%
2023$27,039 · 0.55%
2022$48,739 · 0.97%
Same employer
Similar plansWholesale Trade · Utah
Spandex Holdings Utah, LLC UT$11.3M · 0.55%
Alianza, Inc. UT$10.4M · 0.27%
Group Rossignol USA, Inc. UT$10.0M · 0.01%
American Crafts, LLC UT$8.6M · 0.78%
Kns International UT$4.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870503559 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.