Plan Ledger DOL Form 5500 · updated monthly

Asap Consultants, Inc.401(k)

ASAP CONSULTANTS, INC. 401(K) PLAN · MANSFIELD, TX · plan year 2022

Reported admin expense ratio · 2022
1.30%

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

Asap Consultants, Inc. reported $12,967 in plan administrative expenses for 2022: 1.30% of average plan assets, above the peer median. Employer contributions averaged $195 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (5,140th of 5,688), and 2,086th of 2,534 in administrative & support services. In 2022, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,371,165
Participants with balances60
Active participants774
Employer contributions$151,232
Employee contributions$278,182
Employer contribution per active participant$195
Average account balance$22,853
Benefits paid to participants$28,809
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$12,967
Total administrative$12,967
The Asap Consultants, Inc. 401(k) match · 2022
Employer contribution per active participant$195
Median for plans this size$331

Asap Consultants, Inc.'s 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$12,967 · 1.30%
Similar plansAdministrative & Support Services · Texas
Primary Services, L.P. TX$1.5M · 0.55%
Wisestaff LLC TX$1.5M · 3.31%
Parrish Security Group TX$1.3M · 3.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752504667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.