Plan Ledger DOL Form 5500 · updated monthly

Oyster HR Inc.401(k)

OYSTER HR INC. 401(K) PLAN · CHARLOTTE, NC · plan year 2023

Reported admin expense ratio · 2023
1.86%

Oyster HR Inc. reported $30,399 in plan administrative expenses for 2023: 1.86% of average plan assets, higher than ~90% of peers. 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 rose from 0.57% to 1.86%. 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 North Carolina (1,775th of 2,005), and 10,868th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$2,010,045
Participants with balances73
Active participants64
Employer contributions—
Employee contributions$840,995
Employer contribution per active participant—
Average account balance$27,535
Benefits paid to participants$536,327
Plan auditUnmodified (clean) audit opinion
AuditorSILICON VALLEY ACCOUNTACY CORP.
Plan history2
Yearassets · accounts · employer contribution
2023$2.0M · 73 accts
2022$1.3M · 105 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$30,399
Total administrative$30,399
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 · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,398

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

Administrative cost history2
2023$30,399 · 1.86%
2022$7,153 · 0.57%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Second Nature NC$2.5M · 1.43%
Geo Owl LLC NC$2.3M
Xdin, Inc. NC$2.0M · 0.09%
Costner Law Office PLLC NC$1.9M · 0.61%
Datastaff Inc NC$1.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800975532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.