Plan Ledger DOL Form 5500 · updated monthly

Highstreet IT Solutions, LLC401(k)

HIGHSTREET IT SOLUTIONS, LLC 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Highstreet IT Solutions, LLC reported $28,832 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,670 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 0.35% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 652nd-largest of 1,671 plans among Maryland employers on file, and the 5,608th of 11,654 in professional & technical services. In 2024, employees put in $10.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,712,971
Participants with balances115
Active participants68
Employer contributions$113,560
Employee contributions$1,161,892
Employer contribution per active participant$1,670
Average account balance$171,417
Benefits paid to participants$825,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 115 accts · $114K emplr
2023$16.6M · 117 accts · $143K emplr
2022$13.2M · 108 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,832
Total administrative$28,832
The Highstreet IT Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$1,670
Median for plans this size$2,416
2024$1,670 per active participant
2023$1,706 per active participant
2022$2,058 per active participant

Highstreet IT Solutions, LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,831
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)indirect comp
FORVIS MAZARS, LLP · Accounting / auditindirect 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$28,832 · 0.16%
2023$58,556 · 0.39%
2022$50,596 · 0.35%
Similar plansProfessional & Technical Services · Maryland
Encompass LLC MD$20.9M · 0.27%
Ops Consulting, LLC MD$20.3M · 0.45%
George, Miles & Buhr LLC MD$19.8M · 0.29%
Rbr-Technologies, Inc. MD$19.6M · 0.50%
Bioqual, Inc. MD$19.5M · 0.03%
Ata Aerospace, LLC. MD$19.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462499428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.