Plan Ledger DOL Form 5500 · updated monthly

Aml Rightsource, LLC401(k)

AML RIGHTSOURCE, LLC 401(K) PROFIT SHARING PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Aml Rightsource, LLC reported $303,937 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,272 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 3 years on file its reported administrative ratio has held roughly steady near 1.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 903rd-largest of 3,295 plans among Ohio employers on file, and the 3,858th of 11,654 in professional & technical services. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 1,305 to 1,778 since 2022.

Plan summary
Net assets, end of year$33,141,475
Participants with balances1,212
Active participants1,778
Employer contributions$2,262,321
Employee contributions$4,555,209
Employer contribution per active participant$1,272
Average account balance$27,344
Benefits paid to participants$3,838,850
Plan auditUnmodified (clean) audit opinion
AuditorBSB PARTNERS CPAS & BUSINESS ADVISO
Plan history3
Yearassets · accounts · employer contribution
2024$33.1M · 1,212 accts · $2.3M emplr
2023$25.8M · 1,146 accts · $2.2M emplr
2022$17.3M · 1,127 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$201,585
Investment management$102,352
Total administrative$303,937
The Aml Rightsource, LLC 401(k) match · 2024
Employer contribution per active participant$1,272
Median for plans this size$2,416
2024$1,272 per active participant
2023$1,466 per active participant
2022$1,608 per active participant

Aml Rightsource, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$201,585
ANCORA RETIREMENT PLAN ADVISORS · Investment advisory (plan)$82,255
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$20,097

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$303,937 · 1.03%
2023$220,245 · 1.02%
2022$173,442 · 1.07%
Similar plansProfessional & Technical Services · Ohio
Gallagher Sharp OH$34.5M · 0.28%
Laird Connectivity, Inc. OH$33.8M · 0.27%
1WORLDSYNC, Inc. OH$33.4M · 0.14%
Aktion Associates, Inc. OH$32.5M · 0.35%
Claritas, LLC OH$32.3M
Klarna, Inc. OH$32.1M · 0.23%
Alexander & Associates Co. OH$32.1M · 0.28%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201996855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.