Plan Ledger DOL Form 5500 · updated monthly

Peoplease LLC401(k)

PEOPLEASE LLC PLC SERVICES, LLC 401(K) PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
1.43%

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

Peoplease LLC reported $315,410 in plan administrative expenses for 2024: 1.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $107 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 fell from 1.74% to 1.43%. 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 240th-largest of 807 plans among South Carolina employers on file, and the 5,095th of 11,654 in professional & technical services. In 2024, employees put in $4.19 for every $1.00 the employer contributed; active participation has grown from 2,624 to 5,608 since 2022.

Plan summary
Net assets, end of year$22,781,077
Participants with balances1,335
Active participants5,608
Employer contributions$599,828
Employee contributions$2,515,651
Employer contribution per active participant$107
Average account balance$17,064
Benefits paid to participants$4,689,383
Plan auditUnmodified (clean) audit opinion
AuditorFRAZIER AND DEETER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 1,335 accts · $600K emplr
2023$21.5M · 801 accts · $525K emplr
2022$19.2M · 740 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$314,243
Total administrative$315,410
The Peoplease LLC 401(k) match · 2024
Employer contribution per active participant$107
Median for plans this size$2,416
2024$107 per active participant
2023$109 per active participant
2022$195 per active participant

Peoplease LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
GALLAGHER BENEFITS SERVICES · Investment advisory (plan)$90,062

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$315,410 · 1.43%
2023$281,561 · 1.39%
2022$369,197 · 1.74%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Websterrogers, LLP SC$23.7M · 0.11%
Nexgen Data Systems, Inc. SC$22.8M · 0.53%
Clawson & Staubes, LLC SC$21.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570993401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.