Plan Ledger DOL Form 5500 · updated monthly

Indeed Flex, Inc.401(k)

INDEED RECRUITING SOLUTIONS 401(K) PROFIT-SHARING PLAN TRUST · AUSTIN, TX · plan year 2023

Reported admin expense ratio · 2023
6.34%

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

Indeed Flex, Inc. reported $5,191 in plan administrative expenses for 2023: 6.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 8.98% to 5.82%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (5,634th of 5,688), and 2,479th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$95,782
Participants with balances103
Active participants21,436
Employer contributions$0
Employee contributions$33,815
Employer contribution per active participant$0
Average account balance$930
Benefits paid to participants$15,082
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$87K · 81 accts
2023$96K · 103 accts
2022$68K · 110 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,191
Total administrative$5,191
The Indeed Flex, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$522

Indeed Flex, Inc.'s 2023 employer contribution ran below the $522 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

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$5,309 · 5.82%
2023$5,191 · 6.34%
2022$4,625 · 8.98%
Same employer
Similar plansAdministrative & Support Services · Texas
Lusa Holdings LLC TX$228K · 0.73%
Wts Energy USA LLC TX$134K · 1.93%
Arc Abatement, Inc. TX$76K · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850568068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.