Plan Ledger DOL Form 5500 · updated monthly

Chartspan Medical Technologies, Inc.401(k)

CHARTSPAN MEDICAL TECHNOLOGIES, INC. 401(K) PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
1.80%

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

Chartspan Medical Technologies, Inc. reported $40,236 in plan administrative expenses for 2024: 1.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.05% to 1.80%. 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 South Carolina (680th of 807), and 10,712th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$2,495,771
Participants with balances476
Active participants423
Employer contributions$0
Employee contributions$803,766
Employer contribution per active participant$0
Average account balance$5,243
Benefits paid to participants$585,262
Plan auditUnmodified (clean) audit opinion
AuditorPENDING ACCOUNTANT NAME
Plan history2
Yearassets · accounts · employer contribution
2024$2.5M · 476 accts
2022$1.6M · 336 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,672
Investment management$29,564
Total administrative$40,236
The Chartspan Medical Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Chartspan Medical Technologies, 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
AT RETIREMENT SERVICES, LLC · Claims processing · Loan processing$7,443
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$32,792

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

Administrative cost history2
2024$40,236 · 1.80%
2022$17,126 · 1.05%
Same employer
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Diesel Laptops, LLC SC$3.4M · 0.95%
Bertrandt US, Inc. SC$2.8M · 0.24%
Acl Airshop, LLC SC$2.5M · 0.09%
Atlas Surveying SC$1.5M · 0.59%
Medbill, LLC SC$1.4M

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Source: U.S. Department of Labor, Form 5500 series, EIN 461350379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.