Plan Ledger DOL Form 5500 · updated monthly

Flaherty, Sensabaugh & Bonasso, P.L.L.C401(k)

FLAHERTY, SENSABAUGH & BONASSO, P.L.L.C. 401(K) PLAN · CHARLESTON, WV · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Flaherty, Sensabaugh & Bonasso, P.L.L.C reported $212,902 in plan administrative expenses for 2023: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,695 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 0.44% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 41st-largest of 265 plans among West Virginia employers on file, and the 2,779th of 11,654 in professional & technical services. In 2023, the employer put in $1.50 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$49,573,523
Participants with balances121
Active participants93
Employer contributions$901,645
Employee contributions$602,977
Employer contribution per active participant$9,695
Average account balance$409,699
Benefits paid to participants$2,036,869
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.5M · 98 accts · $768K emplr
2023$49.6M · 121 accts · $902K emplr
2022$42.2M · 107 accts · $935K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,331
Investment management$29,114
Trustee / custodial$182,457
Total administrative$212,902
The Flaherty, Sensabaugh & Bonasso, P.L.L.C 401(k) match · 2023
Employer contribution per active participant$9,695
Median for plans this size$2,440
2024$10,236 per active participant
2023$9,695 per active participant
2022$10,752 per active participant

Flaherty, Sensabaugh & Bonasso, P.L.L.C's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20238
MCKINLEY CARTER TRUST COMPANY · Investment management$85,683
LPL FINANCIAL LLC · Investment advisory (plan)$52,436
ARGENT TRUST COMPANY, N.A · Investment management$46,203
CERITY PARTNERS · Investment management$21,521
MATT MATHIAS · Investment management$13,297
JANNEY MONGTOMERY SCOTT · Investment management$7,383
GAMBLE JONES MURPHY BRENT · Investment management$6,624
CAPITAL GROUP RETIRMENT PLAN SERVIC$1,062

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$182,704 · 0.37%
2023$212,902 · 0.46%
2022$204,396 · 0.44%
Similar plansProfessional & Technical Services · West Virginia
Steptoe & Johnson PLLC WV$188.9M · 0.14%
Jackson Kelly PLLC WV$147.4M · 0.10%
Bowles Rice LLP WV$73.3M · 0.52%
Bailey & Glasser PLLC WV$38.0M · 0.04%
Quality Insights, Inc. WV$30.5M · 0.16%
The Thrasher Group, Inc. WV$27.4M · 0.23%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 550710558 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.