Plan Ledger DOL Form 5500 · updated monthly

T & R Electric Supply Co., Inc.401(k)

T & R ELECTRIC SUPPLY CO. 401(K) PLAN · COLMAN, SD · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

T & R Electric Supply Co., Inc. reported $58,981 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,337 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 0.46% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 99th-largest of 233 plans among South Dakota employers on file, and the 6,128th of 13,661 in manufacturing. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,933,999
Participants with balances332
Active participants235
Employer contributions$314,135
Employee contributions$881,489
Employer contribution per active participant$1,337
Average account balance$57,030
Benefits paid to participants$1,639,174
Plan auditUnmodified (clean) audit opinion
AuditorMCGINNIS AND COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 332 accts · $314K emplr
2023$17.3M · 298 accts · $295K emplr
2022$14.0M · 281 accts · $268K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,842
Investment management$4,139
Total administrative$58,981
The T & R Electric Supply Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,337
Median for plans this size$2,416
2024$1,337 per active participant
2023$1,347 per active participant
2022$1,224 per active participant

T & R Electric Supply Co., 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$4,139

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$58,981 · 0.33%
2023$68,721 · 0.44%
2022$59,857 · 0.46%
Same employer
Similar plansManufacturing · South Dakota
Viaflex, Inc. SD$32.9M · 0.35%
Shur-Co, LLC SD$21.7M · 0.26%
Persona Signs, LLC SD$20.5M · 0.49%
Glacial Lakes SD$20.0M · 0.18%
Dakota Provisions, LLC SD$16.6M · 0.67%
Fimco, Inc. SD$16.5M · 0.44%
Adams Thermal Systems Inc. SD$16.2M · 0.52%
Falcon Plastics, Inc. SD$15.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460283047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.