Plan Ledger DOL Form 5500 · updated monthly

Advanced Management Company, LLC401(k)

ADVANCED MANAGEMENT CO. 401(K) PLAN · LOVES PARK, IL · plan year 2023

Reported admin expense ratio · 2023
5.43%

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

Advanced Management Company, LLC reported $99,629 in plan administrative expenses for 2023: 5.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $893 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 1 year on file its reported administrative ratio rose from 1.64% to 5.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,368th of 3,702), and 10,072nd of 11,911 in health care & social assistance. In 2023, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,973,800
Participants with balances138
Active participants53
Employer contributions$47,344
Employee contributions$93,143
Employer contribution per active participant$893
Average account balance$14,303
Benefits paid to participants$176,508
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.0M · 138 accts · $47K emplr
2022$1.7M · 148 accts · $61K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$79,911
Investment management$19,718
Total administrative$99,629
The Advanced Management Company, LLC 401(k) match · 2023
Employer contribution per active participant$893
Median for plans this size$1,308
2023$893 per active participant
2022$945 per active participant

Advanced Management Company, LLC's 2023 employer contribution ran below the $1,308 median for plans its size. 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 · 20234
DEFINITI LLC · Recordkeeping$54,427
LINCOLN NATIONAL CORPORATION · Contract administrator$19,838
WIPFLI LLP · Investment advisory (plan)$16,753
WELLS FARGO ADVISORS · Investment advisory (plan)$8,663

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

Administrative cost history2
2023$99,629 · 5.43%
2022$30,039 · 1.64%
Similar plansHealth Care & Social Assistance · Illinois
Goldie B. Floberg Center IL$2.1M · 1.42%
Snap Diagnostics LLC IL$2.0M · 0.21%
El Valor Corporation IL$1.6M · 1.85%
By Your Side, LLC IL$1.6M · 1.36%
Simple Laboratories LLC IL$1.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202625655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.