Plan Ledger DOL Form 5500 · updated monthly

Freeman Decorating Co.401(k)

FREEMAN 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Freeman Decorating Co. reported $662,398 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $3,500 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 has held roughly steady near 0.102%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other other services employers. By assets it is the 163rd-largest of 5,688 plans among Texas employers on file, and the 14th of 3,341 in other services. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 4,447 to 5,797 since 2022.

Plan summary
Net assets, end of year$686,416,010
Participants with balances6,693
Active participants5,797
Employer contributions$20,289,851
Employee contributions$35,622,893
Employer contribution per active participant$3,500
Average account balance$102,557
Benefits paid to participants$63,797,461
Plan auditUnmodified (clean) audit opinion
AuditorSUTTON FROST CARY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$686.4M · 6,693 accts · $20.3M emplr
2023$618.0M · 5,977 accts · $10.6M emplr
2022$533.1M · 5,884 accts · $8.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$296,244
Investment management$275,654
Audit (IQPA)$18,000
Total administrative$662,398
The Freeman Decorating Co. 401(k) match · 2024
Employer contribution per active participant$3,500
Median for plans this size$4,294
2024$3,500 per active participant
2023$2,329 per active participant
2022$1,818 per active participant

Freeman Decorating Co.'s 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$299,252
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$275,654
PLEXUS FINANCIAL SERVICES, LLC · Consulting$72,500
SUTTON FROST CARY LLP · Accounting / audit$18,000

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$662,398 · 0.10%
2023$638,367 · 0.11%
2022$621,332 · 0.10%
Same employer
Similar plansOther Services · Texas
Service Corporation Intl TX$1.8B · 0.08%
Vizient, Inc. TX$1.1B · 0.07%
Wand Newco 3, Inc. TX$862.3M · 0.17%
Boy Scouts of America TX$292.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420661692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.