Plan Ledger DOL Form 5500 · updated monthly

Axcet HR Solutions401(k)

AXCET HR SOLUTIONS M/E 401(K) RETIREMENT PLAN · OVERLAND PARK, KS · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Axcet HR Solutions reported $721,304 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,029 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 0.73% to 0.78%. 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 75th-largest of 828 plans among Kansas employers on file, and the 170th of 2,534 in administrative & support services. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 2,673 to 3,186 since 2022.

Plan summary
Net assets, end of year$97,606,655
Participants with balances1,352
Active participants3,186
Employer contributions$3,277,140
Employee contributions$6,559,327
Employer contribution per active participant$1,029
Average account balance$72,194
Benefits paid to participants$9,677,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$97.6M · 1,352 accts · $3.3M emplr
2023$86.5M · 1,346 accts · $3.5M emplr
2022$68.2M · 1,168 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$630,106
Investment management$90,184
Total administrative$721,304
The Axcet HR Solutions 401(k) match · 2024
Employer contribution per active participant$1,029
Median for plans this size$3,635
2024$1,029 per active participant
2023$1,169 per active participant
2022$1,043 per active participant

Axcet HR Solutions's 2024 employer contribution ran below the $3,635 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
NYHART · Plan administrator · Participant communication$630,106
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (participants) · Investment advisory (plan)$90,184
CHARLES SCHWAB TRUST BANK · Trusteeindirect comp

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

Recordkeeper by year2
2024NYHART
2023NYHART

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

Administrative cost history3
2024$721,304 · 0.78%
2023$573,522 · 0.74%
2022$543,115 · 0.73%
Similar plansAdministrative & Support Services · Kansas
Transworld Systems Inc. IL$101.4M · 0.36%
Guidepoint Security, LLC VA$100.6M · 0.28%
Shc Services, Inc. UT$97.8M · 0.18%
United Site Services, Inc MA$96.1M · 0.22%
Trueblue, Inc. WA$95.6M · 0.34%
Navex Global, Inc. OR$94.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481102958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.