Plan Ledger DOL Form 5500 · updated monthly

Business Software, Inc.401(k)

THE BUSINESS SOFTWARE, INC. 401(K) PROFIT SHARING PLAN · PEACHTREE CORNERS, GA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Business Software, Inc. reported $38,741 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,581 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 0.05% to 0.14%. 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 672nd-largest of 2,160 plans among Georgia employers on file, and the 4,220th of 11,654 in professional & technical services. In 2024, employees put in $4.55 for every $1.00 the employer contributed; active participation has shrunk from 128 to 114 since 2022.

Plan summary
Net assets, end of year$29,598,165
Participants with balances140
Active participants114
Employer contributions$294,192
Employee contributions$1,338,493
Employer contribution per active participant$2,581
Average account balance$211,415
Benefits paid to participants$1,372,639
Plan auditUnmodified (clean) audit opinion
AuditorRHODES, YOUNG, BLACK & DUNCAN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 140 accts · $294K emplr
2023$25.6M · 196 accts · $281K emplr
2022$20.8M · 172 accts · $261K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,962
Investment management$17,779
Total administrative$38,741
The Business Software, Inc. 401(k) match · 2024
Employer contribution per active participant$2,581
Median for plans this size$2,416
2024$2,581 per active participant
2023$2,048 per active participant
2022$2,039 per active participant

Business Software, Inc.'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 · 20242
LEVEL FOUR ADVISORY SERVICES · Investment advisory (plan)$17,779
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$11,118

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$38,741 · 0.14%
2023$17,229 · 0.07%
2022$12,564 · 0.05%
Same employer
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Smith and Howard PC GA$30.2M · 0.17%
Hancock, Askew & Co., LLP GA$29.5M · 0.04%
Hotel Equities Group, LLC GA$28.1M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591935198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.