Plan Ledger DOL Form 5500 · updated monthly

Boston Government Services LLC401(k)

BOSTON GOVERNMENT SERVICES LLC 401(K) PLAN · OAK RIDGE, TN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Boston Government Services LLC reported $137,584 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,092 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 0.79% to 0.87%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 616th-largest of 1,496 plans among Tennessee employers on file, and 6,099th of 11,654 in professional & technical services. In 2024, employees put in $2.29 for every $1.00 the employer contributed; active participation has grown from 279 to 314 since 2022.

Plan summary
Net assets, end of year$17,147,266
Participants with balances387
Active participants314
Employer contributions$1,284,742
Employee contributions$2,946,423
Employer contribution per active participant$4,092
Average account balance$44,308
Benefits paid to participants$5,054,691
Plan auditUnmodified (clean) audit opinion
AuditorCOULTER AND JUSTUS
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 387 accts · $1.3M emplr
2023$14.6M · 356 accts · $1.2M emplr
2022$10.8M · 311 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$137,584
Total administrative$137,584
The Boston Government Services LLC 401(k) match · 2024
Employer contribution per active participant$4,092
Median for plans this size$2,416
2024$4,092 per active participant
2023$4,145 per active participant
2022$3,725 per active participant

Boston Government Services LLC's 2024 employer contribution ran above the $2,416 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 · 20241
ADP, INC. · Recordkeeping$137,454

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

Administrative cost history3
2024$137,584 · 0.87%
2023$105,752 · 0.83%
2022$82,984 · 0.79%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Perfectserve, Inc. TN$18.4M · 0.49%
Banc Card of America, Inc TN$17.2M · 0.50%
Allen & Hoshall, Inc. TN$16.2M · 0.24%
Vehlo Purchaser, LLC TN$16.1M · 0.69%
FedEx Dataworks, Inc. TN$15.8M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562669928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.