Plan Ledger DOL Form 5500 · updated monthly

Applied Business Solutions, LLC401(k)

APPLIED BUSINESS SOLUTIONS, LLC 401(K) PLAN · RENO, NV · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Applied Business Solutions, LLC reported $207,793 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,292 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 rose from 0.75% to 1.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 123rd-largest of 437 plans among Nevada employers on file, and the 578th of 2,534 in administrative & support services. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 498 to 724 since 2022.

Plan summary
Net assets, end of year$21,622,299
Participants with balances700
Active participants724
Employer contributions$935,759
Employee contributions$2,098,812
Employer contribution per active participant$1,292
Average account balance$30,889
Benefits paid to participants$1,973,026
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 700 accts · $936K emplr
2023$16.0M · 569 accts · $740K emplr
2022$16.2M · 516 accts · $804K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$156,977
Investment management$41,316
Audit (IQPA)$9,500
Total administrative$207,793
The Applied Business Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$1,292
Median for plans this size$2,416
2024$1,292 per active participant
2023$1,267 per active participant
2022$1,615 per active participant

Applied Business Solutions, 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
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$156,977
SLAVIC MUTUAL FUND MANAGEMENT CORP · Investment management$41,316
SKIBBIE CPA, INC. · Accounting / audit$9,500

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$207,793 · 1.10%
2023$157,360 · 0.98%
2022$134,418 · 0.75%
Same employer
Similar plansAdministrative & Support Services · Nevada
Connor Group, Inc. NV$68.4M · 0.02%
Acadia Management, Inc. NV$48.7M · 0.60%
Brady Companies, LLC NV$37.0M · 0.43%
Discount Dumpsters, LLC NV$7.9M · 0.63%
Rbr Management LLC NV$5.5M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200379472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.