Plan Ledger DOL Form 5500 · updated monthly

Storr Office Environments, Inc.401(k)

STORR OFFICE ENVIRONMENTS, INC 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Storr Office Environments, Inc. reported $56,820 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,656 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 0.53% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 821st-largest of 2,005 plans among North Carolina employers on file, and the 1,746th of 5,215 in retail trade. In 2024, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,678,630
Participants with balances325
Active participants233
Employer contributions$385,821
Employee contributions$1,185,651
Employer contribution per active participant$1,656
Average account balance$51,319
Benefits paid to participants$845,166
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 325 accts · $386K emplr
2023$14.1M · 338 accts · $337K emplr
2022$11.8M · 333 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,820
Investment management$25,000
Total administrative$56,820
The Storr Office Environments, Inc. 401(k) match · 2024
Employer contribution per active participant$1,656
Median for plans this size$2,416
2024$1,656 per active participant
2023$1,470 per active participant
2022$1,652 per active participant

Storr Office Environments, 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
THE VANGUARD GROUP, INC · Investment advisory (participants) · Investment advisory (plan)$26,800
FIRST CITIZENS BANK & TRUST · Investment advisory (plan)$25,000
QRPS, INC · Investment advisory (participants) · Investment advisory (plan)$11,110

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$56,820 · 0.37%
2023$71,783 · 0.55%
2022$65,177 · 0.53%
Same employer
Similar plansRetail Trade · North Carolina
The Building Center, Inc. NC$17.7M · 0.35%
Blue Acorn Ici, Inc. NC$17.1M · 0.50%
Lee Motor Group Inc. NC$16.2M · 0.12%
Transource, Inc. NC$15.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561781661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.