Plan Ledger DOL Form 5500 · updated monthly

Essential HR, Inc.401(k)

FIRSTSTAR HR RETIREMENT SAVINGS PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Essential HR, Inc. reported $94,587 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,184 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 0.91% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 2,290th-largest of 5,688 plans among Texas employers on file, and the 718th of 2,534 in administrative & support services. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 515 to 308 since 2022.

Plan summary
Net assets, end of year$16,478,846
Participants with balances320
Active participants308
Employer contributions$364,671
Employee contributions$869,255
Employer contribution per active participant$1,184
Average account balance$51,496
Benefits paid to participants$1,155,216
Plan auditUnmodified (clean) audit opinion
AuditorRONALD W. CLAYBORN, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 320 accts · $365K emplr
2023$8.4M · 237 accts · $238K emplr
2022$8.1M · 296 accts · $294K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,816
Investment management$31,771
Total administrative$94,587
The Essential HR, Inc. 401(k) match · 2024
Employer contribution per active participant$1,184
Median for plans this size$2,416
2024$1,184 per active participant
2023$921 per active participant
2022$571 per active participant

Essential HR, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$62,816
SLAVIC MUTUAL FUND MANAGEMENT · Investment management$15,934
FIDUCIARY PARTNERS RETIREMENT GROUP · Investment advisory (participants)$7,919
FIDUCIARY PARTNERS INV CONSULTING · Investment advisory (participants)$7,918

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

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

Administrative cost history3
2024$94,587 · 0.76%
2023$81,171 · 0.98%
2022$77,447 · 0.91%
Similar plansAdministrative & Support Services · Texas
Lifesize, Inc. TX$20.7M · 0.57%
The Trade Group, Inc. TX$16.3M · 0.29%
King George, LLC TX$14.3M · 0.47%
Mondee, Inc. TX$13.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752545443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.