Plan Ledger DOL Form 5500 · updated monthly

Vendors Supply, Inc.401(k)

VENDORS SUPPLY, INC. PROFIT SHARING PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
1.40%

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

Vendors Supply, Inc. reported $63,819 in plan administrative expenses for 2024: 1.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,976 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 1.64% to 1.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in South Carolina (577th of 807), and 3,665th of 4,246 in wholesale trade. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves; active participation has grown from 100 to 117 since 2022.

Plan summary
Net assets, end of year$4,796,229
Participants with balances110
Active participants117
Employer contributions$231,135
Employee contributions$186,297
Employer contribution per active participant$1,976
Average account balance$43,602
Benefits paid to participants$405,854
Plan auditUnmodified (clean) audit opinion
AuditorA. DOWL KNIGHT COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 110 accts · $231K emplr
2023$4.3M · 104 accts · $221K emplr
2022$3.7M · 105 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,069
Investment management$21,750
Total administrative$63,819
The Vendors Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$1,976
Median for plans this size$1,313
2024$1,976 per active participant
2023$1,995 per active participant
2022$2,315 per active participant

Vendors Supply, Inc.'s 2024 employer contribution ran above the $1,313 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
ASCENSUS LLC · Recordkeeping$42,069
ONE DIGITAL INVESTMENT ADV. · Investment advisory (plan)$19,272

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$63,819 · 1.40%
2023$54,535 · 1.37%
2022$65,352 · 1.64%
Same employer
Similar plansWholesale Trade · South Carolina
Taylor Enterprises Inc. SC$7.5M · 0.69%
Airpark Holdings, Inc. SC$4.9M · 0.99%
The Climatic Corporation SC$4.0M · 0.66%
Penshurst Trading Inc. SC$3.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571012688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.