Plan Ledger DOL Form 5500 · updated monthly

Advanced Billing Consultants, LLC401(k)

ADVANCED BILLING CONSULTANTS, LLC 401(K) PLAN · GOODLETTSVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
0.65%

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

Advanced Billing Consultants, LLC reported $19,338 in plan administrative expenses for 2023: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,558 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 rose from 0.69% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (1,209th of 1,496), and 10,434th of 11,654 in professional & technical services. In 2023, the employer put in $1.51 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,279,835
Participants with balances186
Active participants109
Employer contributions$278,840
Employee contributions$184,901
Employer contribution per active participant$2,558
Average account balance$17,634
Benefits paid to participants$315,221
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 194 accts · $252K emplr
2023$3.3M · 186 accts · $279K emplr
2022$2.7M · 149 accts · $408K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,338
Total administrative$19,338
The Advanced Billing Consultants, LLC 401(k) match · 2023
Employer contribution per active participant$2,558
Median for plans this size$1,308
2024$2,596 per active participant
2023$2,558 per active participant
2022$3,745 per active participant

Advanced Billing Consultants, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
CAPITAL GROUP RETIREMENT PLAN SERVI$12,632
THOROUGHBRED FINANCIAL SERVICES LLC · Investment advisory (plan)$3,704
EMPLOYEE BENEFIT SERVICES INC · Contract administrator$3,002

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$28,025 · 0.86%
2023$19,338 · 0.65%
2022$10,977 · 0.69%
Similar plansProfessional & Technical Services · Tennessee
Iqtalent Partners, Inc. TN$3.7M · 1.30%
Freeland Chevrolet, LLC TN$3.5M · 0.77%
Womble, LLC TN$3.5M · 0.51%
B.T.L. Industries, Inc. TN$2.8M · 1.06%
Renuke Services Inc. TN$2.5M · 0.73%
Hbg Design, Inc. TN$2.3M · 0.25%
Tumacs Corp TN$2.2M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853717795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.