Plan Ledger DOL Form 5500 · updated monthly

Complete Payroll Solutions401(k)

COMPLETE PAYROLL SOLUTIONS 401(K) PLAN · SPRINGFIELD, MA · plan year 2022

Reported admin expense ratio · 2022
0.13%

Complete Payroll Solutions reported $15,395 in plan administrative expenses for 2022: 0.13% of average plan assets, below the peer median. 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 among the smaller plans on file in Massachusetts (1,876th of 2,726), and 7,921st of 11,654 in professional & technical services. In 2022, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,249,103
Participants with balances181
Active participants0
Employer contributions$266,300
Employee contributions$873,319
Employer contribution per active participant—
Average account balance$56,625
Benefits paid to participants$1,991,705
Plan auditUnmodified (clean) audit opinion
AuditorDOWNEY & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$10.2M · 181 accts · $266K emplr
Administrative expenses, itemized · 2022
Investment management$15,395
Total administrative$15,395
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$15,395 · 0.13%
Similar plansProfessional & Technical Services · Massachusetts
Fsg, Inc. MA$10.5M · 0.06%
Matter Communications, Inc. MA$10.5M · 0.59%
Schumacher Company, Inc. MA$10.3M · 0.32%
Medically Home Group Inc MA$10.3M · 0.51%
Trax Retail, Inc. MA$10.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300217315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.