Plan Ledger DOL Form 5500 · updated monthly

Ltc Management, LLC401(k)

AGAPE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN · WEST COLUMBIA, SC · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Ltc Management, LLC reported $35,117 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $824 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 1 year on file its reported administrative ratio fell from 0.22% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 255th-largest of 807 plans among South Carolina employers on file, and the 1,009th of 3,341 in other services. In 2023, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 1,002 to 1,533 since 2022.

Plan summary
Net assets, end of year$21,259,985
Participants with balances926
Active participants1,533
Employer contributions$1,263,125
Employee contributions$2,109,780
Employer contribution per active participant$824
Average account balance$22,959
Benefits paid to participants$1,389,307
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$21.3M · 926 accts · $1.3M emplr
2022$16.0M · 841 accts · $938K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,117
Total administrative$35,117
The Ltc Management, LLC 401(k) match · 2023
Employer contribution per active participant$824
Median for plans this size$2,440
2023$824 per active participant
2022$936 per active participant

Ltc Management, LLC's 2023 employer contribution ran below the $2,440 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.

Administrative cost history3
2024Not separately reported
2023$35,117 · 0.19%
2022$37,497 · 0.22%
Similar plansOther Services · South Carolina
Integrated Power Services SC$138.1M · 0.18%
Palmetto Exterminators, LLC SC$17.2M · 0.05%
Detyens Shipyards, Inc. SC$16.6M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814366099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.