Plan Ledger DOL Form 5500 · updated monthly

Help USA, Inc.401(k)

HELP USA, INC. EMPLOYEES' RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Help USA, Inc. reported $344,712 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,577 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 0.56% to 0.94%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,682nd-largest of 5,648 plans among New York employers on file, and the 575th of 3,341 in other services. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,588,693
Participants with balances1,885
Active participants1,147
Employer contributions$1,809,330
Employee contributions$3,090,473
Employer contribution per active participant$1,577
Average account balance$19,941
Benefits paid to participants$6,737,402
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.6M · 1,885 accts · $1.8M emplr
2023$36.0M · 1,856 accts · $1.7M emplr
2022$32.2M · 1,736 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$344,712
Total administrative$344,712
The Help USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,577
Median for plans this size$2,416
2024$1,577 per active participant
2023$1,625 per active participant
2022$1,858 per active participant

Help USA, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$240,634
PRIME PENSIONS, INC. · Contract administrator · Other services$90,853
HELP USA INC · Contract administrator$8,392
MML INVESTORS SERVICES LLC · Other servicesindirect comp

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$344,712 · 0.94%
2023$187,648 · 0.55%
2022$197,241 · 0.56%
Same employer
Similar plansOther Services · New York
Welllife Network Inc. NY$41.2M · 0.05%
Lgi Services, LLC NY$40.0M · 0.41%
Ur Medicine Home Care Inc. NY$37.6M · 0.27%
Seneca Nation of Indians NY$37.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133922973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.