Plan Ledger DOL Form 5500 · updated monthly

Bluemont Group Holdings, LLC401(k)

BLUEMONT GROUP, LLC 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Bluemont Group Holdings, LLC reported $10,563 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $528 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 0.06% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Tennessee (1,240th of 1,496), and 1,247th of 2,240 in accommodation & food services. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 508 to 692 since 2022.

Plan summary
Net assets, end of year$2,810,992
Participants with balances184
Active participants692
Employer contributions$365,278
Employee contributions$468,070
Employer contribution per active participant$528
Average account balance$15,277
Benefits paid to participants$799,904
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 184 accts · $365K emplr
2023$2.4M · 172 accts · $273K emplr
2022$2.0M · 200 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,563
Total administrative$10,563
The Bluemont Group Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$528
Median for plans this size$1,313
2024$528 per active participant
2023$459 per active participant
2022$529 per active participant

Bluemont Group Holdings, LLC'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 · 20241
ADP, INC. · Recordkeeping$10,563

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

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Administrative cost history3
2024$10,563 · 0.41%
2023$8,207 · 0.38%
2022$1,075 · 0.06%
Similar plansAccommodation & Food Services · Tennessee
Mrco, LLC TN$4.1M · 0.98%
Captain D's, LLC TN$3.8M · 0.51%
Hattie Bs, LLC TN$1.8M · 0.53%
Wellengood Partners TN$1.6M · 1.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 883397917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.