Plan Ledger DOL Form 5500 · updated monthly

Occunet, LLC401(k)

OCCUNET, LLC 401(K) PLAN · AMARILLO, TX · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Occunet, LLC reported $58,012 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,132 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 0.04% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,425th-largest of 5,688 plans among Texas employers on file, and 3,502nd of 4,798 in finance & insurance. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 137 to 202 since 2022.

Plan summary
Net assets, end of year$15,057,994
Participants with balances199
Active participants202
Employer contributions$632,565
Employee contributions$1,231,224
Employer contribution per active participant$3,132
Average account balance$75,668
Benefits paid to participants$3,020,814
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 199 accts · $633K emplr
2023$14.3M · 189 accts · $528K emplr
2022$12.0M · 167 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,597
Investment management$34,415
Total administrative$58,012
The Occunet, LLC 401(k) match · 2024
Employer contribution per active participant$3,132
Median for plans this size$2,416
2024$3,132 per active participant
2023$2,681 per active participant
2022$3,089 per active participant

Occunet, LLC's 2024 employer contribution ran above 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$414
CWM, LLC · Investment advisory (plan)$34,411
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,983

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$58,012 · 0.40%
2023$20,461 · 0.16%
2022$6,327 · 0.04%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 271563468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.