Strand Development Company LLC401(k)
STRAND DEVELOPMENT COMPANY LLC 401(K) PLAN · MYRTLE BEACH, SC · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Strand Development Company LLC reported $19,879 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $270 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 0.62% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in South Carolina (610th of 807), and 1,646th of 2,096 in real estate & leasing. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 342 to 772 since 2022.
Strand Development Company LLC'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 582319320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.