Plan Ledger DOL Form 5500 · updated monthly

Loyal Source Government Services, LLC401(k)

LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
1.41%

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

Loyal Source Government Services, LLC reported $237,606 in plan administrative expenses for 2024: 1.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $211 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 1.19% to 1.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,152nd-largest of 3,644 plans among Florida employers on file, and the 640th of 2,534 in administrative & support services. In 2024, employees put in $9.94 for every $1.00 the employer contributed; active participation has shrunk from 3,608 to 2,122 since 2022.

Plan summary
Net assets, end of year$19,098,067
Participants with balances775
Active participants2,122
Employer contributions$447,269
Employee contributions$4,445,075
Employer contribution per active participant$211
Average account balance$24,643
Benefits paid to participants$2,782,072
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 775 accts · $447K emplr
2023$14.7M · 729 accts · $363K emplr
2022$9.7M · 644 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$186,461
Investment management$51,145
Total administrative$237,606
The Loyal Source Government Services, LLC 401(k) match · 2024
Employer contribution per active participant$211
Median for plans this size$2,416
2024$211 per active participant
2023$102 per active participant
2022$20 per active participant

Loyal Source Government Services, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$51,145
RETIREMENT SOLUTIONS SPECIALISTS · Contract administrator$37,741
EMPOWER ADVISORY GROUP, LLC · Investment management$7,579

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$237,606 · 1.41%
2023$139,903 · 1.15%
2022$121,187 · 1.19%
All plans at this employer2
LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN401(k)
LOYAL SOURCE GOVERNMENT SERVICES 401(A) PLANProfit-sharing plan
Same employer
Similar plansAdministrative & Support Services · Florida
PSC Custom LP FL$22.1M · 0.00%
Himagine Solutions, Inc. FL$19.2M · 0.50%
Stratus Peo 1 LLC FL$17.7M · 0.10%
Youth Co-Op, Inc. FL$17.5M · 0.59%
Worksite, LLC. FL$17.3M · 1.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 300564703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.