Plan Ledger DOL Form 5500 · updated monthly

Devos LTD. D/B/A Guaranteed Returns401(k)

GUARANTEED RETURNS 401(K) PROFIT SHARING PLAN · HOLBROOK, NY · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Devos LTD. D/B/A Guaranteed Returns reported $52,936 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,749 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 1 year on file its reported administrative ratio rose from 0.51% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (3,477th of 5,648), and the 949th of 2,534 in administrative & support services. In 2023, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,015,632
Participants with balances221
Active participants114
Employer contributions$199,354
Employee contributions$352,064
Employer contribution per active participant$1,749
Average account balance$49,844
Benefits paid to participants$528,849
Plan auditUnmodified (clean) audit opinion
AuditorSALVATOR, GOLDHAMER & COMPANY CPA
Plan history2
Yearassets · accounts · employer contribution
2024$4.5M · 178 accts · $75K emplr
2023$11.0M · 221 accts · $199K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$52,876
Investment management$60
Total administrative$52,936
The Devos LTD. D/B/A Guaranteed Returns 401(k) match · 2023
Employer contribution per active participant$1,749
Median for plans this size$2,440
2024$6,787 per active participant
2023$1,749 per active participant

Devos LTD. D/B/A Guaranteed Returns's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK · Recordkeeping · Loan processing$52,936

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history2
2024$49,780 · 0.64%
2023$52,936 · 0.51%
Similar plansAdministrative & Support Services · New York
Tempositions, Inc. NY$11.5M · 0.24%
Nomad Health, Inc. NY$10.9M · 0.54%
Evolutioniq, LLC NY$9.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112946549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.