Plan Ledger DOL Form 5500 · updated monthly

Sun Gro Holdings Inc.401(k)

SUN GRO HOLDINGS INC. RETIREMENT SAVINGS PLAN · AGAWAM, MA · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Sun Gro Holdings Inc. reported $12,610 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,550 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 0.06% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,250th-largest of 2,726 plans among Massachusetts employers on file, and the 5,696th of 13,661 in manufacturing. In 2023, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,287,494
Participants with balances298
Active participants214
Employer contributions$545,599
Employee contributions$1,135,890
Employer contribution per active participant$2,550
Average account balance$71,435
Benefits paid to participants$3,680,326
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 277 accts · $543K emplr
2023$21.3M · 298 accts · $546K emplr
2022$20.0M · 298 accts · $536K emplr
Administrative expenses, itemized · 2023
Audit (IQPA)$12,610
Total administrative$12,610
The Sun Gro Holdings Inc. 401(k) match · 2023
Employer contribution per active participant$2,550
Median for plans this size$2,440
2024$2,917 per active participant
2023$2,550 per active participant
2022$2,468 per active participant

Sun Gro Holdings Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
HALBERT, HARGROVE/RUSSELL, LLC · Investment advisory (plan)$38,365
MEYERS BROTHERS KALICKA PC · Accounting / audit$12,600

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$21,685 · 0.10%
2023$12,610 · 0.06%
2022$12,376 · 0.06%
Same employer
Similar plansManufacturing · Massachusetts
Erving Industries, Inc. MA$21.9M · 0.09%
The Rockport Company LLC MA$21.5M · 0.20%
Interprint, Inc. MA$21.4M · 0.33%
Nova Ventures Group Corp. MA$21.2M · 0.01%
Krohne, Inc. MA$21.1M · 0.19%
Bvi MA$20.7M · 0.43%
Incom, Inc. MA$20.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020550339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.