Plan Ledger DOL Form 5500 · updated monthly

535 Main LLCProfit-sharing plan

535 MAIN LLC PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.49%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

535 Main LLC reported $22,984 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $2,431 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.53% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Kentucky (634th of 871), and the 859th of 2,240 in accommodation & food services. active participation has grown from 223 to 288 since 2022.

Plan summary
Net assets, end of year$5,236,602
Participants with balances388
Active participants288
Employer contributions$700,000
Employee contributions—
Employer contribution per active participant$2,431
Average account balance$13,496
Benefits paid to participants$75,350
Plan auditUnmodified (clean) audit opinion
AuditorMATHER & CO. CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 388 accts · $700K emplr
2023$4.2M · 327 accts · $593K emplr
2022$3.3M · 293 accts · $506K emplr
Administrative expenses, itemized · 2024
Investment management$20,165
Trustee / custodial$2,819
Total administrative$22,984
Employer contributions to the 535 Main LLC plan · 2024
Employer contribution per active participant$2,431
Median for plans this size$1,313
2024$2,431 per active participant
2023$2,346 per active participant
2022$2,270 per active participant

535 Main LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PARTHENON LLC · Investment advisory (plan)$20,165
CHARLES SCHWAB BANK · Custodial · Custodial (securities)$2,819
CHARLES SCHWAB & CO., INC. · Securities brokerage$30

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$22,984 · 0.49%
2023$19,109 · 0.52%
2022$16,758 · 0.53%
Similar plansAccommodation & Food Services · Kentucky
Musselman Hotels, LLC KY$9.9M · 0.07%
Team Holland, Inc. KY$8.6M · 0.70%
Long John Silvers, LLC KY$8.4M · 0.43%
Franchise Management, LLC KY$4.8M · 2.20%
McL Corporation KY$4.1M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010672358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.