Plan Ledger DOL Form 5500 · updated monthly

Operationsinc LLC401(k)

OPERATIONSINC 401(K) RETIREMENT PLAN · NORWALK, CT · plan year 2023

Reported admin expense ratio · 2023
1.13%

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

Operationsinc LLC reported $58,344 in plan administrative expenses for 2023: 1.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $688 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 0.96% to 2.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Connecticut (882nd of 1,106), and 9,445th of 11,654 in professional & technical services. In 2023, employees put in $8.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,883,541
Participants with balances149
Active participants141
Employer contributions$97,025
Employee contributions$827,509
Employer contribution per active participant$688
Average account balance$39,487
Benefits paid to participants$387,007
Plan auditUnmodified (clean) audit opinion
AuditorCAPOSSELA, COHEN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 55 accts · $55K emplr
2023$5.9M · 149 accts · $97K emplr
2022$4.4M · 153 accts · $97K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,976
Investment management$25,368
Audit (IQPA)$7,000
Total administrative$58,344
The Operationsinc LLC 401(k) match · 2023
Employer contribution per active participant$688
Median for plans this size$1,308
2023$688 per active participant
2022$677 per active participant

Operationsinc LLC's 2023 employer contribution ran below the $1,308 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$18,625
REYNOLDS & ROWELLA LLP · Accounting / audit$7,000
EMPOWER ADVISORY GROUP, LLC · Investment management$6,743
THE BENEFIT PRACTICE · Contract administrator$1,831

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$90,317 · 2.20%
2023$58,344 · 1.13%
2022$40,257 · 0.96%
Same employer
Similar plansProfessional & Technical Services · Connecticut
Bendett & McHugh, P.C. CT$8.2M · 0.31%
Comprecare Health LLC CT$5.3M · 0.74%
Itech Solutions, Inc. CT$3.8M · 0.06%
Button, Inc. CT$3.5M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061616383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.