Plan Snapshot
- Plan Sponsor: Sonepar Management Us, INC
- Sponsor EIN: 232975775
- Sponsor Address: 4400 LEEDS AVE., CHARLESTON, SC, 29405
- Plan Type: 401(k)
- Total Participants: 10,624
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 10,624 | $1.2B | $23.0M | $70.8M |
| 2023 | 9,880 | $1.0B | $21.3M | $63.3M |
| 2022 | 9,195 | $798.5M | $18.4M | $57.7M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $586,862 | — | $586,862 |
| CAPFINANCIAL PARTNERS LLC | NONE | $197,916 | — | $197,916 |
| MORNINGSTAR INC | NONE | $105,681 | — | $105,681 |
| FISHER INVESTMENTS | NONE | $81,053 | — | $81,053 |
| WARREN AVERETT, LLC | NONE | $61,534 | — | $61,534 |
| BARTLETT ONEILL CONSULTING INC | NONE | $10,235 | — | $10,235 |
| ARK WEALTH MANAGEMENT LLC | NONE | $8,102 | — | $8,102 |
| MJP ASSOCIATES INC | NONE | $6,866 | — | $6,866 |
| SONEPAR MANAGEMENT | NONE | $6,729 | — | $6,729 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- MORNINGSTAR INC — NONE
- FISHER INVESTMENTS — NONE
- WARREN AVERETT, LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,064,978
- 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 | $1,065,763 | $458,435 | $17,777 | $61,519 | — |
| 2023 | $1,139,543 | $498,941 | $73,449 | — | — |
| 2022 | $1,170,329 | $264,744 | — | — | $78,752 |