Plan Ledger DOL Form 5500 · updated monthly

Fast Switch, LTD.401(k)

FAST SWITCH 401(K) PLAN · DUBLIN, OH · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Fast Switch, LTD. reported $33,079 in plan administrative expenses for 2023: 0.59% of average plan assets, above the peer median. Employer contributions averaged $968 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 0.54% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Ohio (2,464th of 3,295), and 9,562nd of 11,654 in professional & technical services. In 2023, employees put in $2.60 for every $1.00 the employer contributed; active participation has shrunk from 59 to 28 since 2022.

Plan summary
Net assets, end of year$5,590,534
Participants with balances196
Active participants28
Employer contributions$27,103
Employee contributions$70,544
Employer contribution per active participant$968
Average account balance$28,523
Benefits paid to participants$799,198
Plan auditUnmodified (clean) audit opinion
AuditorREA & ASSOCIATES INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 153 accts · $20K emplr
2023$5.6M · 196 accts · $27K emplr
2022$5.5M · 223 accts · $26K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,969
Investment management$11,110
Total administrative$33,079
The Fast Switch, LTD. 401(k) match · 2023
Employer contribution per active participant$968
Median for plans this size$1,308
2024$1,220 per active participant
2023$968 per active participant
2022$434 per active participant

Fast Switch, LTD.'s 2023 employer contribution ran below the $1,308 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 · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$11,934
THE PENSION DESIGN GROUP · Recordkeeping · Loan processing$10,035
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$11,110

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

Recordkeeper by year2
2024THE PENSION DESIGN GROUP, Transamerica
2023THE PENSION DESIGN GROUP, Transamerica

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

Administrative cost history3
2024$37,016 · 0.68%
2023$33,079 · 0.59%
2022$43,255 · 0.54%
Similar plansProfessional & Technical Services · Ohio
Jyg Innovations LLC OH$5.8M · 0.24%
Certasite, LLC OH$5.7M · 0.05%
On Line Design, Inc. OH$5.7M · 0.85%
Change Up, LLC OH$5.6M · 0.12%
Q Labs LLC OH$5.5M · 0.34%
Revel IT, Inc. OH$5.5M · 0.65%
The Rehab Continuum, Inc. OH$5.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311486797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.