Plan Ledger DOL Form 5500 · updated monthly

Persevere, LLC401(k)

THE JOHN BUCK COMPANY 401(K) PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Persevere, LLC reported $30,973 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $991 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 0.19% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Illinois (2,052nd of 3,702), and the 883rd of 2,096 in real estate & leasing. In 2023, employees put in $11.45 for every $1.00 the employer contributed; active participation has shrunk from 71 to 55 since 2022.

Plan summary
Net assets, end of year$14,192,468
Participants with balances107
Active participants55
Employer contributions$54,513
Employee contributions$624,012
Employer contribution per active participant$991
Average account balance$132,640
Benefits paid to participants$3,258,982
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 90 accts · $41K emplr
2023$14.2M · 107 accts · $55K emplr
2022$14.1M · 120 accts · $66K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$30,973
Total administrative$30,973
The Persevere, LLC 401(k) match · 2023
Employer contribution per active participant$991
Median for plans this size$2,440
2024$1,164 per active participant
2023$991 per active participant
2022$924 per active participant

Persevere, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP, INC. · Loan processing · Recordkeeping$30,972
ADP BROKER-DEALERindirect 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
2023ADP

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

Administrative cost history3
2024$28,514 · 0.21%
2023$30,973 · 0.22%
2022$31,573 · 0.19%
Similar plansReal Estate & Leasing · Illinois
At World Properties, LLC IL$17.1M · 0.07%
Home State Bancorp, Inc. IL$15.9M · 0.21%
Sterling Bay, LLC IL$14.7M · 0.43%
Marquette Management, Inc. IL$14.1M · 0.56%
Sudler and Company, Inc. IL$11.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364876264 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.