Plan Ledger DOL Form 5500 · updated monthly

Cps Solutions, LLC401(k)

CPS SOLUTIONS, LLC 401(K) PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Cps Solutions, LLC reported $325,520 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $2,720 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 3 years on file its reported administrative ratio has held roughly steady near 0.118%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 130th-largest of 1,918 plans among Minnesota employers on file, and the 577th of 11,654 in professional & technical services. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$292,370,407
Participants with balances2,544
Active participants2,638
Employer contributions$7,175,971
Employee contributions$18,157,927
Employer contribution per active participant$2,720
Average account balance$114,925
Benefits paid to participants$34,981,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$292.4M · 2,544 accts · $7.2M emplr
2023$257.9M · 2,612 accts · $7.0M emplr
2022$214.3M · 2,448 accts · $5.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$237,995
Investment management$48,000
Audit (IQPA)$16,525
Total administrative$325,520
The Cps Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$2,720
Median for plans this size$4,294
2024$2,720 per active participant
2023$2,550 per active participant
2022$2,221 per active participant

Cps Solutions, LLC's 2024 employer contribution ran below the $4,294 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$236,625
EVERHART FINANCIAL GROUP, INC. · Consulting$48,000
BAKER TILLY, US LLP · Accounting / audit$23,000
FORVIS LLP · Accounting / audit$16,525

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$325,520 · 0.12%
2023$341,727 · 0.14%
2022$284,352 · 0.12%
Similar plansProfessional & Technical Services · Minnesota
Dayforce US, Inc. MN$633.5M · 0.06%
Fredrikson & Byron PA MN$491.0M · 0.01%
Barr Engineering Co. MN$277.1M · 0.03%
Sps Commerce, Inc. MN$212.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953810548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.