# Scansource, INC. 401(k) Plan
Source: https://planprovider.pro/companies/scansource-inc-570965380-001

> Scansource, INC.'s 401(k) plan: 1,439 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Scansource, INC.

- **Sponsor EIN:** 570965380

- **Sponsor Address:** #6 LOGUE COURT, GREENVILLE, SC, 29615

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 1,439

- **Total Assets:** $225.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,439|$225.4M|$3.1M|$10.9M|

| 2023|1,401|$215.9M|$3.1M|$11.1M|

| 2022|1,515|$193.1M|$3.2M|$11.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIDELITY INVESTMENTS INSTITUTIONAL|Recordkeeper|$106,814|—|$106,814|

| MERRILL LYNCH|Recordkeeper|$60,000|—|$60,000|

| STRATEGIC ADVISORS, INC.|Investment Advisor|$31,591|—|$31,591|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — Recordkeeper

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — Investment Advisor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $198,405

- **Estimated Expense Ratio:** 0.088% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$198,758|$31,591|$1,200|—|—|

| 2023|$214,178|$25,746|$1,200|—|—|

| 2022|-$79,642|$14,803|—|—|—|

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