Plan Ledger DOL Form 5500 · updated monthly

Grand Prairie Services401(k)

EMPLOYEE BENEFITS PLAN OF GRAND PRAIRIE SERVICES · TINLEY PARK, IL · plan year 2023

Reported admin expense ratio · 2023
0.74%

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

Grand Prairie Services reported $24,599 in plan administrative expenses for 2023: 0.74% of average plan assets, above the peer median. Employer contributions averaged $108 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 0.46% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,185th of 3,702), and 9,016th of 11,911 in health care & social assistance. In 2023, employees put in $12.53 for every $1.00 the employer contributed; active participation has grown from 69 to 77 since 2022.

Plan summary
Net assets, end of year$3,334,194
Participants with balances211
Active participants77
Employer contributions$8,297
Employee contributions$103,941
Employer contribution per active participant$108
Average account balance$15,802
Benefits paid to participants$417,987
Plan auditUnmodified (clean) audit opinion
AuditorMK GROUP CPA'S AND CONSULTANTS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 202 accts
2023$3.3M · 211 accts · $8K emplr
2022$3.3M · 213 accts · $142K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,599
Total administrative$24,599
The Grand Prairie Services 401(k) match · 2023
Employer contribution per active participant$108
Median for plans this size$1,308
2023$108 per active participant
2022$2,059 per active participant

Grand Prairie Services'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 · 20231
ASCENSUS LLC · Loan processing · Recordkeeping$24,599

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$23,636 · 0.72%
2023$24,599 · 0.74%
2022$16,105 · 0.46%
Similar plansHealth Care & Social Assistance · Illinois
Ctf Illinois IL$3.5M · 0.96%
Gareda, LLC IL$3.5M · 0.60%
Ahs Family Health Center IL$3.3M · 0.70%
The Cara Program IL$3.3M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362362364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.