Plan Ledger DOL Form 5500 · updated monthly

Employu, Inc.401(k)

EMPLOYU 401(K) PLAN · CASSELBERRY, FL · plan year 2023

Reported admin expense ratio · 2023
2.00%

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

Employu, Inc. reported $16,430 in plan administrative expenses for 2023: 2.00% of average plan assets, above the peer median. Employer contributions averaged $268 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 1.77% to 2.00%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,381st of 3,644), and 10,967th of 11,911 in health care & social assistance. In 2023, employees put in $7.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$923,004
Participants with balances97
Active participants111
Employer contributions$29,781
Employee contributions$223,828
Employer contribution per active participant$268
Average account balance$9,516
Benefits paid to participants$159,002
Plan auditUnmodified (clean) audit opinion
AuditorSCHAFER, TSCHOPP, WHITCOMB, MITCHEL
Plan history2
Yearassets · accounts · employer contribution
2023$923K · 97 accts · $30K emplr
2022$720K · 127 accts · $35K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,430
Total administrative$16,430
The Employu, Inc. 401(k) match · 2023
Employer contribution per active participant$268
Median for plans this size$522
2023$268 per active participant
2022$252 per active participant

Employu, Inc.'s 2023 employer contribution ran below the $522 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,429
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 history2
2023$16,430 · 2.00%
2022$12,320 · 1.77%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Ciel Senior Living, LLC FL$972K · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452586290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.