Plan Ledger DOL Form 5500 · updated monthly

Anchor Group Management, Inc.401(k)

ANCHOR GROUP MANAGEMENT, INC. · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Anchor Group Management, Inc. reported $20,234 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $0 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,159th of 3,702), and 3,725th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$12,633,327
Participants with balances105
Active participants41
Employer contributions$0
Employee contributions$292,729
Employer contribution per active participant$0
Average account balance$120,317
Benefits paid to participants$2,291,964
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,550
Investment management$4,684
Audit (IQPA)$13,000
Total administrative$20,234
The Anchor Group Management, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Anchor Group Management, Inc.'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 · 20242
WARADY & DAVIS LLP · Accounting / audit$13,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,550

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

Administrative cost history1
2024$20,234 · 0.16%
Similar plansFinance & Insurance · Illinois
Paylink Payment Plans, LLC IL$13.5M · 0.00%
Channeled Resources, Inc. IL$12.6M · 0.41%
Hickory Point Bank & Trust IL$12.5M · 0.54%
Pontiac Bancorp, Inc. IL$12.3M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061628915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.