Plan Ledger DOL Form 5500 · updated monthly

Perfectserve, Inc.401(k)

PERFECTSERVE, INC. RETIREMENT SAVINGS PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Perfectserve, Inc. reported $84,541 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,255 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 0.47% to 0.49%. 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 588th-largest of 1,496 plans among Tennessee employers on file, and 5,836th of 11,654 in professional & technical services. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,446,183
Participants with balances257
Active participants255
Employer contributions$830,103
Employee contributions$1,668,364
Employer contribution per active participant$3,255
Average account balance$71,775
Benefits paid to participants$2,359,844
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 257 accts · $830K emplr
2023$15.8M · 253 accts · $849K emplr
2022$13.1M · 256 accts · $646K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,541
Total administrative$84,541
The Perfectserve, Inc. 401(k) match · 2024
Employer contribution per active participant$3,255
Median for plans this size$2,416
2024$3,255 per active participant
2023$3,507 per active participant
2022$2,638 per active participant

Perfectserve, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$84,540
MML INVESTORS SERVICES LLC · Investment advisory (plan)indirect comp
THE ANGELL PENSION GROUP INC · Other servicesindirect comp

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$84,541 · 0.49%
2023$87,970 · 0.61%
2022$69,040 · 0.47%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Codescience, Inc. TN$19.0M · 0.48%
Inova Payroll, Inc. TN$18.5M · 0.72%
Banc Card of America, Inc TN$17.2M · 0.50%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 621614688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.