Plan Ledger DOL Form 5500 · updated monthly

Innova Solutions, Inc.401(k)

ACS SOLUTIONS 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Innova Solutions, Inc. reported $721,202 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged -$1 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 0.32% to 0.21%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 104th-largest of 2,160 plans among Georgia employers on file, and the 487th of 11,654 in professional & technical services. active participation has grown from 18,338 to 35,700 since 2022.

Plan summary
Net assets, end of year$348,774,251
Participants with balances6,862
Active participants35,700
Employer contributions-$24,948
Employee contributions$24,550,973
Employer contribution per active participant-$1
Average account balance$50,827
Benefits paid to participants$57,589,936
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$348.8M · 6,862 accts
2023$328.6M · 7,481 accts · $25K emplr
2022$171.6M · 4,813 accts · $921 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$394,950
Investment management$40,962
Total administrative$721,202
The Innova Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant-$1
Median for plans this size$4,294
2023$1 per active participant
2022$0 per active participant

Innova Solutions, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$398,403
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$207,165
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$78,125
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$40,962

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$721,202 · 0.21%
2023$541,664 · 0.22%
2022$557,759 · 0.32%
Same employer
Similar plansProfessional & Technical Services · Georgia
Manhattan Associates GA$501.0M · 0.08%
Sage Software Inc. GA$432.9M · 0.10%
Cardtronics USA, Inc. GA$416.9M · 0.06%
Fisher & Phillips LLP GA$396.8M · 0.06%
Elekta, Inc. GA$337.5M · 0.02%
Sage Software Inc. GA$331.8M · 0.09%
Document Technologies, LLC GA$318.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582400405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.