Plan Ledger DOL Form 5500 · updated monthly

Blue Sky Smart Solutions, Inc401(k)

BLUE SKY 401(K) PLAN · LAWRENCE, KS · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Blue Sky Smart Solutions, Inc reported $7,371 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $193 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 fell from 0.40% to 0.35%. 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 Kansas (750th of 828), and 10,831st of 11,654 in professional & technical services. In 2024, employees put in $9.55 for every $1.00 the employer contributed; active participation has shrunk from 204 to 167 since 2022.

Plan summary
Net assets, end of year$2,157,121
Participants with balances104
Active participants167
Employer contributions$32,202
Employee contributions$307,515
Employer contribution per active participant$193
Average account balance$20,742
Benefits paid to participants$441,730
Plan auditUnmodified (clean) audit opinion
AuditorSSC CPAS P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 104 accts · $32K emplr
2023$2.0M · 119 accts · $56K emplr
2022$1.5M · 120 accts · $58K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,371
Total administrative$7,371
The Blue Sky Smart Solutions, Inc 401(k) match · 2024
Employer contribution per active participant$193
Median for plans this size$1,313
2024$193 per active participant
2023$228 per active participant
2022$282 per active participant

Blue Sky Smart Solutions, Inc's 2024 employer contribution ran below the $1,313 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 · 20242
ADP, INC. · Recordkeeping$7,371
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$7,371 · 0.35%
2023$33,858 · 1.91%
2022$6,764 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Kansas
Crown Linen Service, Inc. KS$3.7M · 0.62%
Digital Ally, Inc. KS$3.6M · 0.80%
Saicon Consultants, Inc. KS$3.1M · 0.02%
Jorns & Associates LLC KS$1.6M · 1.50%
Menufy.com, LLC. KS$1.5M · 0.18%
U S Stone Industries LLC KS$1.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481187584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.