Plan Ledger DOL Form 5500 · updated monthly

Fearless Solutions, LLC401(k)

EMPLOYEE BENEFIT PLAN OF FEARLESS SOLUTIONS, LLC · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Fearless Solutions, LLC reported $99,752 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,015 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 0.31% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 588th-largest of 1,671 plans among Maryland employers on file, and the 5,058th of 11,654 in professional & technical services. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,014,724
Participants with balances326
Active participants258
Employer contributions$1,293,756
Employee contributions$2,577,538
Employer contribution per active participant$5,015
Average account balance$70,597
Benefits paid to participants$2,568,066
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 326 accts · $1.3M emplr
2023$18.3M · 314 accts · $1.2M emplr
2022$10.6M · 234 accts · $985K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,706
Investment management$20,020
Total administrative$99,752
The Fearless Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$5,015
Median for plans this size$2,416
2024$5,015 per active participant
2023$4,083 per active participant
2022$3,774 per active participant

Fearless Solutions, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURNACE COMPANY · Contract administrator · Loan processing$53,706
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$46,046
COASTAL PENSION SERVICES · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANGEMENT L · Investment advisory (participants)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 history3
2024$99,752 · 0.48%
2023$67,867 · 0.47%
2022$31,608 · 0.31%
Same employer
Similar plansProfessional & Technical Services · Maryland
Marketbridge, Inc. MD$23.4M · 0.47%
Tetracore, Inc. MD$23.4M · 0.05%
Cybercore Technologies, LLC MD$23.2M · 0.15%
Dataprise, LLC MD$22.9M · 0.55%
Naval Systems, Inc. MD$22.9M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264196689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.