Plan Ledger DOL Form 5500 · updated monthly

Frank Recruitment Group Inc.401(k)

FRANK RECRUITMENT GROUP 401(K) RETIREMENT PLAN · PHILADELPHIA, PA · plan year 2023

Reported admin expense ratio · 2023
1.31%

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

Frank Recruitment Group Inc. reported $111,775 in plan administrative expenses for 2023: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 5 years on file its reported administrative ratio fell from 1.92% to 0.01%. 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 Pennsylvania (2,380th of 3,651), and 8,278th of 11,654 in professional & technical services. active participation has shrunk from 790 to 658 since 2019.

Plan summary
Net assets, end of year$9,141,815
Participants with balances765
Active participants658
Employer contributions$0
Employee contributions$1,283,996
Employer contribution per active participant$0
Average account balance$11,950
Benefits paid to participants$1,912,027
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$8.9M · 762 accts
2023$9.1M · 765 accts
2022$8.0M · 971 accts
2019$4.1M · 1,434 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,780
Investment management$84,995
Total administrative$111,775
The Frank Recruitment Group Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Frank Recruitment Group Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
THE VANGUARD GROUP, INC. · Recordkeeping$26,780
CBIZ INVESTMENT ADVISORY SERVICE · Investment advisory (plan)$84,995

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history4
2024$1,245 · 0.01%
2023$111,775 · 1.31%
2022$106,581 · 1.45%
2019$65,824 · 1.92%
Same employer
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Reaction Biology Corp PA$9.4M · 0.72%
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Nexxt, Inc. PA$9.2M · 0.01%
Near Earth Autonomy, Inc. PA$9.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800558330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.