Plan Ledger DOL Form 5500 · updated monthly

Channel Partners Group, LLC401(k)

BDS SOLUTIONS GROUP 401(K) PLAN · TAMPA, FL · plan year 2022

Reported admin expense ratio · 2022
1.13%

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

Channel Partners Group, LLC reported $242,133 in plan administrative expenses for 2022: 1.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $92 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,136th-largest of 3,644 plans among Florida employers on file, and the 5,640th of 11,654 in professional & technical services. In 2022, employees put in $8.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,543,891
Participants with balances510
Active participants2,957
Employer contributions$270,586
Employee contributions$2,280,769
Employer contribution per active participant$92
Average account balance$38,321
Benefits paid to participants$2,209,577
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $371K emplr
2022$19.5M · 510 accts · $271K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$148,818
Investment management$93,315
Total administrative$242,133
The Channel Partners Group, LLC 401(k) match · 2022
Employer contribution per active participant$92
Median for plans this size$2,266

Channel Partners Group, LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$242,133 · 1.13%
Similar plansProfessional & Technical Services · Florida
Velocity Solutions, LLC FL$19.8M · 0.08%
Avairpros Services, Inc FL$19.7M · 0.43%
Inspirata Inc. FL$19.5M · 0.10%
Titan Technologies, LLC FL$19.4M · 0.40%
Daszkal Bolton LLP FL$18.8M · 0.12%
Finser Corporation FL$18.6M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812096287 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.