Plan Ledger DOL Form 5500 · updated monthly

Top Notch Distributors, Inc.401(k)

TOP NOTCH DISTRIBUTORS, INC. 401(K) SAVINGS PLAN · HONESDALE, PA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Top Notch Distributors, Inc. reported $144,730 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,245 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 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,229th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,418th of 4,246 in wholesale trade. In 2024, employees put in $3.68 for every $1.00 the employer contributed; active participation has grown from 270 to 313 since 2022.

Plan summary
Net assets, end of year$28,432,713
Participants with balances339
Active participants313
Employer contributions$389,746
Employee contributions$1,433,846
Employer contribution per active participant$1,245
Average account balance$83,872
Benefits paid to participants$1,487,400
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 339 accts · $390K emplr
2023$24.3M · 330 accts · $389K emplr
2022$19.9M · 300 accts · $327K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,181
Investment management$114,549
Total administrative$144,730
The Top Notch Distributors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,245
Median for plans this size$2,416
2024$1,245 per active participant
2023$1,315 per active participant
2022$1,210 per active participant

Top Notch Distributors, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$91,686
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,180
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$22,867

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$144,730 · 0.55%
2023$154,934 · 0.70%
2022$125,864 · 0.57%
All plans at this employer2
TOP NOTCH DISTRIBUTORS, INC. 401(K) SAVINGS PLAN401(k)
TOP NOTCH EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansWholesale Trade · Pennsylvania
Amercareroyal, LLC. PA$28.7M · 0.26%
Mellott Company, LLC PA$28.5M · 0.15%
Liberty Tire Services, LLC PA$28.3M · 0.40%
H&K Equipment, Inc PA$28.3M · 0.46%
Pgw Auto Glass, LLC PA$26.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930940340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.