Plan Ledger DOL Form 5500 · updated monthly

McGlinchey Stafford, PLLC401(k)

MCGLINCHEY STAFFORD, PLLC RETIREMENT SAVINGS PLAN · NEW ORLEANS, LA · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

McGlinchey Stafford, PLLC reported $67,336 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,004 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 0.048% to 0.050%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 51st-largest of 884 plans among Louisiana employers on file, and the 1,172nd of 11,654 in professional & technical services. In 2023, employees put in $3.47 for every $1.00 the employer contributed; active participation has grown from 258 to 303 since 2022.

Plan summary
Net assets, end of year$133,379,322
Participants with balances403
Active participants303
Employer contributions$910,269
Employee contributions$3,159,205
Employer contribution per active participant$3,004
Average account balance$330,966
Benefits paid to participants$16,793,894
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$121.7M · 402 accts · $934K emplr
2023$133.4M · 403 accts · $910K emplr
2022$121.3M · 364 accts · $813K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,200
Investment management$63,136
Total administrative$67,336
The McGlinchey Stafford, PLLC 401(k) match · 2023
Employer contribution per active participant$3,004
Median for plans this size$3,659
2024$3,125 per active participant
2023$3,004 per active participant
2022$3,152 per active participant

McGlinchey Stafford, PLLC's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$11,517
DELTA FINANCIAL ADVISORS LLC · Investment advisory (participants)$24,504
FISHER INVESTMENTS · Investment advisory (participants)$20,068
FINANCIAL SYNERGIES WEALTH ADV · Investment advisory (participants)$11,237
CHARLES SCHWAB & CO., INC. · Securities brokerage$684

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$64,223 · 0.05%
2023$67,336 · 0.05%
2022$66,474 · 0.05%
Same employer
Similar plansProfessional & Technical Services · Louisiana
Adams and Reese LLP LA$261.5M · 0.07%
Kean Miller LLP LA$162.9M · 0.02%
Liskow and Lewis, Aplc LA$159.7M · 0.02%
Edg, Inc. LA$123.0M

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Source: U.S. Department of Labor, Form 5500 series, EIN 720788124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.