Indiana › Wholesale trade › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Reese Central Wholesale, Inc. Employee Stock Ownership Plan
Sponsored by Reese Central Wholesale, Inc., Indianapolis, IN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Reese Central Wholesale, Inc. of Indianapolis, Indiana sponsors Reese Central Wholesale, Inc. Employee Stock Ownership Plan, an employee stock ownership plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 120 participants (106 active) and $3.3M in net assets.
Net assets came to $27,631 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $65,557 median for defined contribution plans in wholesale trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $174K during the year, or $1,641 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $120K.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $37K: $306 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $39K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.1M in 2009 to $3.3M in 2024 (up 190%), and participants from 140 to 120 (down 14%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $27,631 | $60,185 | $65,557 | $53,102 |
| Employer contributions per active participant | $1,641 | $2,447 | $2,107 | $2,175 |
| Schedule C compensation per participant | $306 | $194 | $153 | $123 |
| Schedule C compensation, share of net assets | 1.1% | 0.32% | 0.27% | 0.26% |
| Administrative expenses per participant | $327 | $176 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), wholesale trade (3,526) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 120 | $3.3M | $27,633 | $174K | — | $37K |
| 2023 | 108 | $3.3M | $30,296 | $434K | — | $30K |
| 2022 | 112 | $2.8M | $25,304 | $355K | — | $0 |
| 2021 | 113 | $2.4M | $21,292 | $477K | — | $8,000 |
| 2020 | 111 | $1.7M | $15,450 | $186K | — | $30K |
| 2019 | 115 | $1.2M | $10,183 | $120K | — | $31K |
| 2018 | 119 | $1.1M | $9,353 | $131K | — | $30K |
| 2017 | 116 | $1.4M | $12,129 | $173K | — | $28K |
| 2016 | 112 | $1.1M | $10,232 | $135K | — | $30K |
| 2015 | 115 | $1.1M | $9,739 | $135K | — | $33K |
| 2014 | 130 | $1.3M | $9,662 | $32K | — | $31K |
| 2013 | 133 | $1.6M | $12,368 | $209K | — | $32K |
| 2012 | 137 | $1.7M | $12,482 | $266K | — | $27K |
| 2011 | 148 | $1.3M | $8,541 | $177K | — | $26K |
| 2010 | 149 | $962K | $6,456 | $71K | — | $37K |
| 2009 | 140 | $1.1M | $8,171 | $94K | — | $31K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$3,271,529
- Employer contributions$173,900
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$173,900
- Total income, including investment results$203,828
- Benefits paid$120,449
- Administrative expenses$39,220
- Total expenses$159,669
- Net income$44,159
- Net transfers$0
- Net assets, end of year$3,315,688
Participants
- Active participants106
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits14
- Participants with account balances114
- Total participants, end of year120
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Oneamerica Retirement Services LLC | Recordkeeping fees; Direct payment from the plan | $16,817 | $0 |
| GBQ Goelzer Valuation Services | Valuation (appraisals, etc.) | $13,200 | $0 |
| Forvis Mazars | Accounting (including auditing) | $6,667 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$16,817
- Valuation and appraisal fees$13,200
- IQPA audit fees$6,667
- Legal fees$2,257
- Other administrative expenses$279
- Total administrative expenses$39,220
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$3.3M · 99.5%
- Receivables$15K · 0.4%
- Cash (interest and non-interest bearing)$1,343 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmForvis Mazars
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2OESOP other than a leveraged ESOP3DPre-approved pension plan3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 423300: Lumber & Other Construction Materials.
Other plans of Reese Central Wholesale, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Reese Central Wholesale, Inc. 401(k) Plan | 263 | $10.8M |
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Petroleum Traders Corporation 401(k) Salary Reduction Plan and Trust | Petroleum Traders Corporation | 124 | $13.0M | $104,544 |
| Jackson Oil & Solvents, Inc. 401(k) Profit Sharing Plan | Jackson Oil & Solvents, Inc. | 116 | — | — |
| Wabash Coffee, Inc. 401(k) Plan | Wabash Coffee, Inc. | 125 | — | — |
| Asa Electronics, LLC 401(k) Profit Sharing Plan | Asa Electronics, LLC | 115 | $25.6M | $222,478 |
| Tynan Equipment 401(k) Plan | Yale Industrial Trucks - Tynan, | 133 | $5.2M | $38,729 |
| Tallman Equipment Co., Inc. Retirement Plan & Trust | Tallman Equipment Co., Inc. | 107 | — | — |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Reese Central Wholesale, Inc. Employee Stock Ownership Plan?
120 participants at the end of the plan year ending 31 Dec 2024, of whom 106 were active employees, with net assets of $3,315,688. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Reese Central Wholesale, Inc. contribute per participant?
The filing reports $173,900 in employer contributions for the year, which is $1,641 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $36,684 in compensation to service provider organisations, $306 per participant or 1.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $39,220. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Reese Central Wholesale, Inc.. Recordkeeping or administration: Oneamerica Retirement Services LLC. The financial statements were audited by Forvis Mazars. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 35-0998000, plan 002, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.