Plan Ledger DOL Form 5500 · updated monthly

Balfour Payroll, LLC401(k)

BALFOUR PAYROLL, LLC 401(K) PLAN · LOUISVILLE, CO · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Balfour Payroll, LLC reported $21,108 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $665 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 0.22% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Colorado (1,220th of 1,461), and 10,668th of 11,654 in professional & technical services. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 592 to 656 since 2022.

Plan summary
Net assets, end of year$2,644,972
Participants with balances196
Active participants656
Employer contributions$435,998
Employee contributions$761,501
Employer contribution per active participant$665
Average account balance$13,495
Benefits paid to participants$747,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 196 accts · $436K emplr
2023$1.8M · 167 accts · $416K emplr
2022$354K · 140 accts · $137K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,108
Total administrative$21,108
The Balfour Payroll, LLC 401(k) match · 2024
Employer contribution per active participant$665
Median for plans this size$1,313
2024$665 per active participant
2023$607 per active participant
2022$232 per active participant

Balfour Payroll, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$14,904
NOVA 401(K) ASSOCIATES · Recordkeeping · Loan processing$6,204

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

Recordkeeper by year2
2024NOVA 401(K) ASSOCIATES, Transamerica
2023Transamerica

This plan has changed recordkeepers within these filings. If you left Balfour Payroll, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$21,108 · 0.94%
2023$12,348 · 1.13%
2022$777 · 0.22%
Same employer
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Brainyak CO$2.8M · 0.50%
The Community Firm CO$2.4M · 0.17%
Safegraph CO$2.4M · 0.11%
Wjh, LLC CO$2.3M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 874581113 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.