Plan Ledger DOL Form 5500 · updated monthly

Fairwave Holdings LLC401(k)

FAIRWAVE HOLDINGS 401K SAVINGS PLAN · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
1.42%

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

Fairwave Holdings LLC reported $34,316 in plan administrative expenses for 2024: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $195 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 3 years on file its reported administrative ratio fell from 1.52% to 1.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Missouri (1,191st of 1,393), and 1,220th of 2,240 in accommodation & food services. In 2024, employees put in $9.95 for every $1.00 the employer contributed; active participation has grown from 260 to 390 since 2021.

Plan summary
Net assets, end of year$2,923,973
Participants with balances314
Active participants390
Employer contributions$76,196
Employee contributions$757,832
Employer contribution per active participant$195
Average account balance$9,312
Benefits paid to participants$252,798
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER & WILLIAMS PLLC
Plan history4
Yearassets · accounts · employer contribution
2024$2.9M · 314 accts · $76K emplr
2023$1.9M · 240 accts · $404K emplr
2022$1.1M · 269 accts · $314K emplr
2021$564K · 51 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,404
Investment management$12,912
Total administrative$34,316
The Fairwave Holdings LLC 401(k) match · 2024
Employer contribution per active participant$195
Median for plans this size$1,313
2024$195 per active participant
2023$1,157 per active participant
2022$1,173 per active participant
2021$247 per active participant

Fairwave Holdings LLC'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 · 20243
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$12,792
INTELLICENTS INVESTMENT · Investment advisory (participants) · Investment advisory (plan)$12,912
ONEAMERICA RETIREMENT SERVICES LLC · Plan administrator · Named fiduciary$9,437

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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Administrative cost history4
2024$34,316 · 1.42%
2023$27,950 · 1.86%
2022$22,377 · 2.67%
2021$7,583 · 1.52%
Same employer
Similar plansAccommodation & Food Services · Missouri
Lamberts Cafe Inc. MO$4.0M · 0.78%
The Pasta House Company MO$3.4M · 0.70%
Lc Corporate, LLC MO$2.7M · 0.02%
Imo's Holding Company MO$2.7M · 0.10%
Hawaiian Bros Inc. MO$2.5M · 0.89%
Noble Hospitality, Inc MO$2.4M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850585050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.