Plan Ledger DOL Form 5500 · updated monthly

Variety Wholesalers, Inc.401(k)

VARIETY WHOLESALERS, INC. RETIREMENT SAVINGS 401(K) PLAN · HENDERSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Variety Wholesalers, Inc. reported $90,520 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $17 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 0.40% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 546th-largest of 2,005 plans among North Carolina employers on file, and the 997th of 5,215 in retail trade. In 2024, employees put in $8.02 for every $1.00 the employer contributed; active participation has shrunk from 13,598 to 10,269 since 2022.

Plan summary
Net assets, end of year$31,204,926
Participants with balances817
Active participants10,269
Employer contributions$177,603
Employee contributions$1,424,786
Employer contribution per active participant$17
Average account balance$38,195
Benefits paid to participants$2,906,427
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 817 accts · $178K emplr
2023$28.1M · 765 accts · $172K emplr
2022$25.9M · 825 accts · $170K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,520
Total administrative$90,520
The Variety Wholesalers, Inc. 401(k) match · 2024
Employer contribution per active participant$17
Median for plans this size$2,416
2024$17 per active participant
2023$19 per active participant
2022$12 per active participant

Variety Wholesalers, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$90,520
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$90,520 · 0.31%
2023$102,164 · 0.38%
2022$115,151 · 0.40%
Same employer
Similar plansRetail Trade · North Carolina
The Keffer Company NC$35.0M · 0.16%
Reeds Jewelers, Inc. NC$34.9M · 0.46%
Hol-Dav, Inc. NC$33.6M · 0.63%
Black's Tire Service, Inc. NC$33.4M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560653322 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.