Plan Ledger DOL Form 5500 · updated monthly

Sun Fiber, LLC401(k)

SUN FIBER, LLC RETIREMENT SAVINGS PLAN · RICHBURG, SC · plan year 2024

Reported admin expense ratio · 2024
2.25%

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

Sun Fiber, LLC reported $48,707 in plan administrative expenses for 2024: 2.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $681 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 1.84% to 2.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Carolina (682nd of 807), and 12,632nd of 13,661 in manufacturing. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,377,381
Participants with balances319
Active participants164
Employer contributions$111,761
Employee contributions$306,705
Employer contribution per active participant$681
Average account balance$7,453
Benefits paid to participants$231,356
Plan auditUnmodified (clean) audit opinion
AuditorSCHLAUPITZ MADHAVAN, P.C
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 319 accts · $112K emplr
2023$2.0M · 323 accts · $123K emplr
2022$1.4M · 326 accts · $104K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,707
Total administrative$48,707
The Sun Fiber, LLC 401(k) match · 2024
Employer contribution per active participant$681
Median for plans this size$1,313
2024$681 per active participant
2023$674 per active participant
2022$660 per active participant

Sun Fiber, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
MERRILL LYNCH PIERCE FENNER · Investment management · Investment advisory (plan)$15,277
NOVA 401(K) ASSOCIATES · Pension consulting · Loan processing$6,662

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$48,707 · 2.25%
2023$34,867 · 2.09%
2022$26,486 · 1.84%
Same employer
Similar plansManufacturing · South Carolina
Pac Tell Group Inc SC$2.7M · 0.36%
Anchor Sign, Inc. SC$2.5M · 0.48%
Three-D Metal Works, Inc. SC$2.3M · 0.24%
Owen Brothers, Inc. SC$2.2M · 2.63%
The Marwin Company, Inc. SC$2.1M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900997916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.