Plan Ledger DOL Form 5500 · updated monthly

Syfan Logistics, Inc.401(k)

SYFAN LOGISTICS 401(K) PLAN · GAINESVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Syfan Logistics, Inc. reported $88,278 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,537 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 0.64% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,039th-largest of 2,160 plans among Georgia employers on file, and the 1,329th of 3,341 in other services. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 332 to 377 since 2022.

Plan summary
Net assets, end of year$14,270,561
Participants with balances471
Active participants377
Employer contributions$579,464
Employee contributions$1,639,241
Employer contribution per active participant$1,537
Average account balance$30,298
Benefits paid to participants$1,436,568
Plan auditUnmodified (clean) audit opinion
AuditorNICHOLS, CAULEY & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 471 accts · $579K emplr
2023$11.7M · 419 accts · $1.1M emplr
2022$7.8M · 369 accts · $949K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,278
Total administrative$88,278
The Syfan Logistics, Inc. 401(k) match · 2024
Employer contribution per active participant$1,537
Median for plans this size$2,416
2024$1,537 per active participant
2023$2,992 per active participant
2022$2,857 per active participant

Syfan Logistics, 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
RAYMOND JAMES FINANCIAL SERVICES ADindirect comp
RETIREMENT BENEFIT SOLUTIONS · Other servicesindirect comp

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$88,278 · 0.68%
2023$67,468 · 0.69%
2022$46,549 · 0.64%
Same employer
Similar plansOther Services · Georgia
The Ogeechee Group, Inc. GA$20.0M · 0.15%
Points of Light Foundation GA$14.8M · 0.32%
Blake & Pendleton, Inc. GA$14.6M · 0.02%
Atlanta Commercial Tire Inc GA$11.1M · 1.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452664830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.