Plan Ledger DOL Form 5500 · updated monthly

Peoples Services, Inc.ESOP

PEOPLES SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Peoples Services, Inc. reported $119,369 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,602 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 0.58% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,073rd-largest of 3,295 plans among Ohio employers on file, and the 614th of 2,677 in transportation & warehousing. active participation has grown from 441 to 717 since 2022.

Plan summary
Net assets, end of year$26,253,885
Participants with balances904
Active participants717
Employer contributions$2,582,406
Employee contributions—
Employer contribution per active participant$3,602
Average account balance$29,042
Benefits paid to participants$2,628,839
Plan auditUnmodified (clean) audit opinion
Auditor415 GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 904 accts · $2.6M emplr
2023$25.0M · 571 accts · $2.5M emplr
2022$21.2M · 491 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,820
Total administrative$119,369
Employer contributions to the Peoples Services, Inc. plan · 2024
Employer contribution per active participant$3,602
Median for plans this size$2,416
2024$3,602 per active participant
2023$4,573 per active participant
2022$4,649 per active participant

Peoples Services, Inc.'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 · 20244
NATIONAL ASSOCIATES, INC. · Recordkeeping · Pension consulting$12,425
FARMERS TRUST COMPANY · Custodial (securities)$90,395
GBQ CONSULTING · Valuation$11,000
BROUSE MCDWELL · Valuation$5,549

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

Recordkeeper by year2
2024NATIONAL ASSOCIATES, INC.
2023NATIONAL ASSOCIATES, INC.

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

Administrative cost history3
2024$119,369 · 0.47%
2023$130,653 · 0.56%
2022$120,335 · 0.58%
All plans at this employer2
PEOPLES SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
PEOPLES SERVICES, INC. 401(K) RETIREMENT PLAN401(k)
Same employer
Similar plansTransportation & Warehousing · Ohio
Mormac Marine Group, Inc. OH$34.5M · 0.17%
Star Leasing Company, LLC OH$28.8M · 0.32%
Kaplan Trucking Company OH$23.7M · 0.28%
The Anderson-Dubose Company OH$23.3M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341692443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.