Plan Snapshot
- Plan Sponsor: Sonepar Management Us, INC
- Sponsor EIN: 232975775
- Sponsor Address: 4400 LEEDS AVE., CHARLESTON, SC, 29405
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 14,502
- Total Assets: $1.6B
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. |
|---|---|---|---|---|
| 2025 | 14,502 | $1.6B | $0 | $0 |
| 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 | Other Service Provider | $434,324 | — | $434,324 |
| CAPFINANCIAL PARTNERS LLC | Other Service Provider | $209,970 | — | $209,970 |
| MORNINGSTAR INC | Other Service Provider | $127,509 | — | $127,509 |
| FISHER INVESTMENTS | Other Service Provider | $103,943 | — | $103,943 |
| MERCER INVESTMENT MANAGEMENT | Other Service Provider | $33,000 | — | $33,000 |
| WARREN AVERETT LLC | Other Service Provider | $20,500 | — | $20,500 |
| RCW MANAGEMENT LLC | Other Service Provider | $14,399 | — | $14,399 |
| AKR WEALTH MANAGEMENT LLC | Other Service Provider | $8,954 | — | $8,954 |
| MJP ASSOCIATES INC | Other Service Provider | $7,400 | — | $7,400 |
| RETIREMENT CLEARINGHOUSE LLC | Other Service Provider | $6,836 | — | $6,836 |
| CHARLES SCHWAB & CO., INC. | Other Service Provider | $5,329 | — | $5,329 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $972,164
- Estimated Expense Ratio: 0.062% 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 |
|---|---|---|---|---|---|
| 2025 | $130,911,637 | $551,319 | — | $10,265 | — |
| 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 |