Plan Ledger DOL Form 5500 · updated monthly

Paragon Energy Solutions, LLC401(k)

PARAGON ENERGY SOLUTIONS LLC 401(K) PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Paragon Energy Solutions, LLC reported $54,688 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,797 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 0.27% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,893rd-largest of 5,688 plans among Texas employers on file, and the 5,198th of 11,654 in professional & technical services. In 2024, employees put in $2.52 for every $1.00 the employer contributed; active participation has grown from 245 to 271 since 2022.

Plan summary
Net assets, end of year$22,005,179
Participants with balances276
Active participants271
Employer contributions$1,028,954
Employee contributions$2,595,840
Employer contribution per active participant$3,797
Average account balance$79,729
Benefits paid to participants$1,366,379
Plan auditUnmodified (clean) audit opinion
AuditorBALANCE & STATEGY ADVISORS, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 276 accts · $1.0M emplr
2023$16.8M · 283 accts · $660K emplr
2022$11.9M · 253 accts · $502K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,034
Investment management$44,654
Total administrative$54,688
The Paragon Energy Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$3,797
Median for plans this size$2,416
2024$3,797 per active participant
2023$2,349 per active participant
2022$2,048 per active participant

Paragon Energy Solutions, 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
NEWSQUARE CAPITAL, LLC · Recordkeeping · Trustee$44,654
ADP, INC. · Loan processing · Recordkeeping$10,033
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, NEWSQUARE CAPITAL, LLC
2023ADP, NEWSQUARE CAPITAL, LLC

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

Administrative cost history3
2024$54,688 · 0.28%
2023$38,398 · 0.27%
2022$33,385 · 0.27%
Similar plansProfessional & Technical Services · Texas
Agilethought, LLC TX$22.3M · 0.65%
Brown Sims, P.C. TX$22.2M · 0.24%
Foster LLP TX$21.7M · 0.08%
9THWONDER Global, LLC TX$21.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822483099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.