Profit Sharing · DOL Form 5500 · 2024

Scansource, Inc. Profit Sharing Plan

Data updated 2026-08-11

$225M
Total assets
1,401
Participants
95th
Percentile by assets
$160,896
Avg per participant
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Official DOL plan name: Scansource, Inc. 401(k) Plan · Sponsored by Scansource, Inc. · South Carolina · Wholesale Trade

$225M in assets, 1,401 participants

Scansource, Inc.'s Scansource, Inc. 401(k) Plan reported $225M in total assets and 1,401 participants in its 2024 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 95th percentile by assets (of 123,622 plans)
  • #5,839 in Wholesale Trade (6,080 peers)

Coverage in South Carolina

Scansource, Inc. 401(k) Plan covers 1,401 participants in South Carolina, 3.8x the typical South Carolina plan (state average ~369 per filing). Assets: $225M.

$225M
total plan assets (2024 EOY)
1,401
covered participants
95th
percentile by assets (of 123,622 plans)
$160,896
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Scansource, Inc. 401(k) Plan reported net income fell from $23M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Scansource, Inc. 401(k) Plan reported participants fell from 1,515 in the plan year 2023 filing to 1,401 in the plan year 2024 filing.
  • Scansource, Inc. 401(k) Plan end-of-year assets rose from $216M in the plan year 2023 filing to $225M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Participants vs South Carolina filers

In South Carolina, the average filing covers about 369 participants across 1,490 plans. Scansource, Inc. 401(k) Plan reports 1,401 participants - 3.8x that state average ($225M EOY assets).

South Carolina filing particulars

Total Assets (Beginning of Year)$216M
Net Assets (End of Year)$225M
Net Income$9M
Employer EIN570965380
Plan Effective Date1993-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Scansource, Inc.)

$180M$190M$200M$210M$220M$230M 202220232024 $193M $225M ▲ +16.7%
Total plan assets by year, all Scansource, Inc. plans on file
Year Plans Participants Total Assets
2022 1 1,547 $193M
2023 1 1,515 $216M
2024 1 1,401 $225M

Nearby Profit Sharing Plans in South Carolina

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Scansource, Inc. 401(k) Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants

Scansource, Inc. 401(k) Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.522.5 Total assets ($B) Participants Scansource, Inc. 401…Prisma Health Retire…Uma Retirement PlanProfit-Sharing Plan …Usc School of Medici…Uricchio, Howe & Kre…
Scansource, Inc. 401(k) Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Scansource, Inc. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Scansource, Inc. 401(k) Plan assets move in 2024?
Scansource, Inc. 401(k) Plan edged up modestly - up 4.4% during 2024, from $216M to $225M. Reported net income was $9M.
How have Scansource, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Scansource, Inc.'s sponsor-wide assets grew 16.7%, from $193M to $225M.
Where does Scansource, Inc. 401(k) Plan rank by assets among Form 5500 filers?
Scansource, Inc. 401(k) Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Scansource, Inc. 401(k) Plan?
Among Profit Sharing plans in other states, the closest by assets is NECA Lu No 313 IBEW Deferred Income Plan in PA ($226M, 1,372 participants).

Filing takeaways

Ways to act on Scansource, Inc. 401(k) Plan's numbers.