Plan Ledger DOL Form 5500 · updated monthly

Fusionsite Services LLC401(k)

FUSIONSITE SERVICES LLC 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Fusionsite Services LLC reported $48,178 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,462 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 2.00% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Tennessee (1,007th of 1,496), and 3,488th of 4,246 in wholesale trade. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 264 to 862 since 2022.

Plan summary
Net assets, end of year$6,088,098
Participants with balances1,034
Active participants862
Employer contributions$1,259,929
Employee contributions$1,670,743
Employer contribution per active participant$1,462
Average account balance$5,888
Benefits paid to participants$430,014
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 1,034 accts · $1.3M emplr
2023$2.7M · 451 accts · $312K emplr
2022$958K · 297 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,178
Total administrative$48,178
The Fusionsite Services LLC 401(k) match · 2024
Employer contribution per active participant$1,462
Median for plans this size$1,313
2024$1,462 per active participant
2023$738 per active participant
2022$747 per active participant

Fusionsite Services LLC's 2024 employer contribution ran above the $1,313 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 · 20242
ASSOCIATED PENSION CONSULTANTS, INC · Recordkeeping$7,355
LINCOLN NATIONAL CORPORATION · Contract administrator$40,823

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

Recordkeeper by year2
2024ASSOCIATED PENSION CONSULTANTS, INC
2023ASSOCIATED PENSION CONSULTANTS, INC

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Administrative cost history3
2024$48,178 · 1.10%
2023$32,474 · 1.77%
2022$12,844 · 2.00%
Same employer
Similar plansWholesale Trade · Tennessee
Mfg Chemical LLC TN$6.7M · 0.42%
Highland LLC TN$6.3M · 0.58%
Lpi Holdco Inc. TN$6.3M · 0.00%
Rogers Petroleum, Inc. TN$6.1M · 0.43%
Pella Tennessee, LLC TN$6.0M · 0.69%
Hyosung Hico, LTD TN$5.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830612358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.