Plan Ledger DOL Form 5500 · updated monthly

Fairplay, Inc.401(k)

FAIRPLAY, INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Fairplay, Inc. reported $39,894 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $152 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 rose from 0.53% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Illinois (2,710th of 3,702), and 3,235th of 5,215 in retail trade. In 2024, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,157,996
Participants with balances107
Active participants413
Employer contributions$62,635
Employee contributions$215,780
Employer contribution per active participant$152
Average account balance$66,897
Benefits paid to participants$597,676
Plan auditUnmodified (clean) audit opinion
AuditorEIFEL RAMBO ADVISORY GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 107 accts · $63K emplr
2023$6.6M · 113 accts · $64K emplr
2022$6.0M · 113 accts · $66K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,894
Total administrative$39,894
The Fairplay, Inc. 401(k) match · 2024
Employer contribution per active participant$152
Median for plans this size$1,313
2024$152 per active participant
2023$175 per active participant
2022$168 per active participant

Fairplay, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20245
GALLAGHER BENEFIT SERVICES · Investment advisory (plan)$15,000
EMPOWER ADVISORY GROUP, LLC · Investment management$6,457
SCP RETIREMENT SERVICES, LLC DBA HO · Contract administratorindirect comp
HOWARD SIMON & ASSOCIATES, INC. · Contract administratorindirect 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$39,894 · 0.58%
2023$39,025 · 0.62%
2022$40,268 · 0.53%
Same employer
Similar plansRetail Trade · Illinois
Castle Chevrolet, Inc. IL$7.3M · 0.16%
Auffenberg Hyundai, Inc. IL$7.3M · 0.70%
Ashling Partners LLC IL$7.2M · 0.64%
Walter Lagestee, Inc. IL$6.8M · 0.23%
12 Interactive, LLC IL$6.5M · 0.38%
Hydy, Inc. IL$6.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363356708 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.