Plan Ledger DOL Form 5500 · updated monthly

Core Professional Services, LLC401(k)

CORE PROFESSIONAL SERVICES GROUP 401(K) PLAN · GAINESVILLE, TX · plan year 2024

Reported admin expense ratio · 2024
1.64%

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

Core Professional Services, LLC reported $84,577 in plan administrative expenses for 2024: 1.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,945 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 fell from 1.81% to 1.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (3,866th of 5,688), and 1,358th of 2,534 in administrative & support services. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 167 to 192 since 2022.

Plan summary
Net assets, end of year$5,791,936
Participants with balances218
Active participants192
Employer contributions$565,502
Employee contributions$789,837
Employer contribution per active participant$2,945
Average account balance$26,569
Benefits paid to participants$595,615
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 218 accts · $566K emplr
2023$4.5M · 208 accts · $457K emplr
2022$3.0M · 179 accts · $382K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,577
Total administrative$84,577
The Core Professional Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,945
Median for plans this size$1,313
2024$2,945 per active participant
2023$2,367 per active participant
2022$2,288 per active participant

Core Professional Services, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,461
PENSION PLANNING CONSULTANTS INC · Contract administrator · Other services$11,111
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$84,577 · 1.64%
2023$58,401 · 1.55%
2022$54,813 · 1.81%
Same employer
Similar plansAdministrative & Support Services · Texas
Trilogy Medwaste, Inc TX$6.3M · 0.85%
Southern Botanical, Inc. TX$5.8M · 0.82%
Cl Support Services, LLC TX$5.6M · 1.14%
Pds Tech Commercial, Inc. TX$5.5M · 0.03%
Career Strategies, Inc. TX$5.3M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454707038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.