Plan Ledger DOL Form 5500 · updated monthly

Designworks Investments, LLC401(k)

DESIGNWORKS COLLECTIVE 401(K) PLAN) · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.17%

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

Designworks Investments, LLC reported $41,108 in plan administrative expenses for 2024: 1.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,231 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 1.59% to 1.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Tennessee (1,166th of 1,496), and 11,818th of 13,661 in manufacturing. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,850,303
Participants with balances164
Active participants154
Employer contributions$189,521
Employee contributions$532,189
Employer contribution per active participant$1,231
Average account balance$23,477
Benefits paid to participants$336,835
Plan auditUnmodified (clean) audit opinion
AuditorPURYEAR&NOONAN,CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 164 accts · $190K emplr
2023$3.2M · 195 accts · $208K emplr
2022$2.3M · 182 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,944
Investment management$12,164
Total administrative$41,108
The Designworks Investments, LLC 401(k) match · 2024
Employer contribution per active participant$1,231
Median for plans this size$1,313
2024$1,231 per active participant
2023$1,500 per active participant
2022$1,125 per active participant

Designworks Investments, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,944
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$12,164

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$41,108 · 1.17%
2023$34,342 · 1.26%
2022$34,341 · 1.59%
Same employer
Similar plansManufacturing · Tennessee
Purity Zinc Metals, LLC TN$4.1M · 0.95%
Hamilton Plastics, Inc. TN$4.0M · 0.49%
Centurion Products, Inc. TN$4.0M · 0.47%
Lpi, Inc. TN$4.0M · 0.70%
The Troxel Company TN$3.8M · 0.39%
Develey USA TN$3.8M · 1.31%
Tritium Technologies, LLC TN$3.7M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261927350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.