Plan Ledger DOL Form 5500 · updated monthly

Sterling Drive Ventures, L.P.401(k)

STERLING DRIVE VENTURES/RODON EMPLOYEES 401(K) PLAN · HATFIELD, PA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Sterling Drive Ventures, L.P. reported $18,785 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.08% to 0.10%. 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 1,542nd-largest of 3,651 plans among Pennsylvania employers on file, and the 1,895th of 4,246 in wholesale trade. active participation has shrunk from 113 to 90 since 2022.

Plan summary
Net assets, end of year$19,898,350
Participants with balances114
Active participants90
Employer contributions$0
Employee contributions$721,431
Employer contribution per active participant$0
Average account balance$174,547
Benefits paid to participants$2,964,145
Plan auditUnmodified (clean) audit opinion
AuditorKREISHCHER MILLER
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 114 accts
2023$18.9M · 124 accts · $33K emplr
2022$16.8M · 133 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,785
Total administrative$18,785
The Sterling Drive Ventures, L.P. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$354 per active participant
2022$2,049 per active participant

Sterling Drive Ventures, L.P.'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 · 20241
ADP · Contract administrator · Loan processing$18,785

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$18,785 · 0.10%
2023$18,147 · 0.10%
2022$15,170 · 0.08%
Similar plansWholesale Trade · Pennsylvania
Karndean International LLC PA$20.8M · 0.04%
Westinghouse Lighting L.P. PA$20.8M · 0.19%
Bingaman & Son Lumber, Inc. PA$19.4M · 0.45%
Mbc Companies PA$19.2M · 0.04%
L2 Brands, LLC PA$18.9M · 0.62%
Tb Philly, Inc. PA$18.7M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232688026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.