Plan Ledger DOL Form 5500 · updated monthly

ADP Totalsource Group, Inc.401(k)

ADP TOTALSOURCE RETIREMENT SAVINGS PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

ADP Totalsource Group, Inc. reported $25,675,615 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,268 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 0.39% to 0.30%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 4th-largest of 3,644 plans among Florida employers on file, and the 15th of 11,654 in professional & technical services. In 2024, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,190,044,852
Participants with balances175,122
Active participants299,514
Employer contributions$379,649,180
Employee contributions$988,178,320
Employer contribution per active participant$1,268
Average account balance$52,478
Benefits paid to participants$1,085,054,726
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.2B · 175,122 accts · $379.6M emplr
2023$8.0B · 164,930 accts · $351.2M emplr
2022$6.7B · 162,128 accts · $333.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,590,077
Investment management$4,641,611
Audit (IQPA)$106,605
Total administrative$25,675,615
The ADP Totalsource Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,268
Median for plans this size$5,259
2024$1,268 per active participant
2023$1,132 per active participant
2022$1,079 per active participant

ADP Totalsource Group, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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 · 20248
VOYA INSTITUTIONAL PLAN SERVICES · Recordkeeping$13,590,452
ADP TOTALSOURCE · Plan administrator$6,941,248
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$4,388,386
NFP RETIREMENT · Investment advisory (plan)$253,225
ADVANCED TECH PLACEMENT, LLC.$248,000
PROSKAUER ROSE LLP · Legal$135,673
CROWE LLP · Accounting / audit$106,605
LEXISNEXIS$5,400

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

Recordkeeper by year2
2024Voya
2023Voya

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,675,615 · 0.30%
2023$21,139,001 · 0.29%
2022$28,348,948 · 0.39%
Similar plansProfessional & Technical Services · Florida
PwC US Group LLP FL$13.2B · 0.01%
KPMG LLP NJ$10.5B · 0.02%
McKinsey & Company, Inc. NY$9.8B · 0.02%
Insperity Holdings, Inc. TX$9.4B · 0.11%
Booz Allen Hamilton Inc. VA$9.3B · 0.06%
Trinet HR III, Inc. FL$8.7B · 0.16%
Hdr, Inc. NE$7.7B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592452823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.