Plan Ledger DOL Form 5500 · updated monthly

Asap, Inc.401(k)

ASAP, INC. 401(K) PROFIT SHARING PLAN · WILMINGTON, DE · plan year 2022

Reported admin expense ratio · 2022
2.07%

Asap, Inc. reported $24,665 in plan administrative expenses for 2022: 2.07% of average plan assets, higher than ~90% of peers. 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 2.07% to 1.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Delaware (225th of 242), and 4,820th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,468,172
Participants with balances495
Active participants485
Employer contributions—
Employee contributions$1,192,460
Employer contribution per active participant—
Average account balance$2,966
Benefits paid to participants$487,383
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON O'CONNOR FERON & CARUCCI LL
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 65 accts
2023$1.3M · 495 accts · $22K emplr
2022$1.5M · 495 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$24,665
Total administrative$24,665
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 history3
2024$26,176 · 1.89%
2023$36,625 · 2.60%
2022$24,665 · 2.07%
Similar plansRetail Trade · Delaware
Usasf, LLC DE$5.9M · 1.26%
Grg USA, LLC DE$428K · 0.81%
Fat Face Inc. DE$400K · 7.60%
Modell's II, Inc. DE$8K · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263828008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.