Plan Ledger DOL Form 5500 · updated monthly

Superior Products Distributors, Inc.401(k)

SUPERIOR PRODUCTS DISTRIBUTORS, INC. PROFIT SHARING PLAN · MILLDALE, CT · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Superior Products Distributors, Inc. reported $79,835 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,961 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 0.41% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 545th-largest of 1,106 plans among Connecticut employers on file, and the 1,821st of 4,246 in wholesale trade. In 2023, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,899,486
Participants with balances229
Active participants148
Employer contributions$290,298
Employee contributions$903,338
Employer contribution per active participant$1,961
Average account balance$91,264
Benefits paid to participants$536,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 220 accts · $295K emplr
2023$20.9M · 229 accts · $290K emplr
2022$16.8M · 212 accts · $270K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$76,128
Investment management$3,707
Total administrative$79,835
The Superior Products Distributors, Inc. 401(k) match · 2023
Employer contribution per active participant$1,961
Median for plans this size$2,440
2024$1,674 per active participant
2023$1,961 per active participant
2022$1,719 per active participant

Superior Products Distributors, Inc.'s 2023 employer contribution ran below 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 · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,433

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$89,374 · 0.44%
2023$79,835 · 0.42%
2022$72,297 · 0.41%
Same employer
Similar plansWholesale Trade · Connecticut
Hmtx Industries LLC CT$23.1M · 0.05%
Trefz Corporation CT$22.7M · 0.23%
Allan S. Goodman, Inc. CT$20.6M · 0.40%
S&S Worldwide, Inc. CT$19.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061236732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.