Plan Ledger DOL Form 5500 · updated monthly

Apfs LLC401(k)

APFS 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Apfs LLC reported $320,531 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,078 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 0.20% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 341st-largest of 3,702 plans among Illinois employers on file, and the 103rd of 2,534 in administrative & support services. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has shrunk from 6,807 to 3,809 since 2022.

Plan summary
Net assets, end of year$198,280,463
Participants with balances2,627
Active participants3,809
Employer contributions$7,913,446
Employee contributions$21,412,547
Employer contribution per active participant$2,078
Average account balance$75,478
Benefits paid to participants$20,559,838
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$198.3M · 2,627 accts · $7.9M emplr
2023$159.0M · 2,725 accts · $8.0M emplr
2022$112.7M · 2,422 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$215,346
Investment management$70,142
Total administrative$320,531
The Apfs LLC 401(k) match · 2024
Employer contribution per active participant$2,078
Median for plans this size$3,635
2024$2,078 per active participant
2023$1,461 per active participant
2022$912 per active participant

Apfs LLC's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$215,346
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$105,185
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$320,531 · 0.18%
2023$348,327 · 0.26%
2022$231,466 · 0.20%
Same employer
Similar plansAdministrative & Support Services · Illinois
Cc Services, Inc. IL$1.1B · 0.01%
Stericycle, Inc. IL$417.5M · 0.20%
Amplify HR Management IL$244.1M · 0.70%
Carylon Corporation IL$123.5M · 0.00%
Transworld Systems Inc. IL$101.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204714798 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.