Plan Ledger DOL Form 5500 · updated monthly

Wholesale Building Products, LLC401(k)

WHOLESALE BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING & TRUST · HOLLYWOOD, FL · plan year 2024

Reported admin expense ratio · 2024
1.37%

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

Wholesale Building Products, LLC reported $64,648 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $212 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 1.27% to 1.37%. 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 Florida (2,514th of 3,644), and 3,652nd of 4,246 in wholesale trade. In 2024, employees put in $9.99 for every $1.00 the employer contributed; active participation has grown from 205 to 291 since 2022.

Plan summary
Net assets, end of year$4,867,500
Participants with balances129
Active participants291
Employer contributions$61,565
Employee contributions$614,765
Employer contribution per active participant$212
Average account balance$37,733
Benefits paid to participants$722,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 129 accts · $62K emplr
2023$4.6M · 124 accts · $55K emplr
2022$3.9M · 116 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,869
Investment management$26,779
Total administrative$64,648
The Wholesale Building Products, LLC 401(k) match · 2024
Employer contribution per active participant$212
Median for plans this size$1,313
2024$212 per active participant
2023$223 per active participant
2022$246 per active participant

Wholesale Building Products, LLC's 2024 employer contribution ran below the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$4,008
MERRILLY LYNCH · Investment advisory (participants)$26,779

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$64,648 · 1.37%
2023$56,070 · 1.33%
2022$51,980 · 1.27%
Same employer
Similar plansWholesale Trade · Florida
Pacer Marine, Inc. FL$5.0M · 0.74%
Vertilux Limited FL$4.9M · 0.18%
Warehouse Goods LLC FL$4.8M · 0.15%
USA Bouquet LLC FL$4.5M · 0.82%
Mayo Fertilizer, Inc. FL$4.5M · 0.56%
Lewis Marine Supply LLC FL$4.2M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412174884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.