Plan Ledger DOL Form 5500 · updated monthly

Planet Depos, LLC401(k)

PLANET DEPOS 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Planet Depos, LLC reported $56,411 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,068 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 0.42% to 0.47%. 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 826th-largest of 1,671 plans among Maryland employers on file, and 6,867th of 11,654 in professional & technical services. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,843,404
Participants with balances232
Active participants339
Employer contributions$700,976
Employee contributions$1,494,547
Employer contribution per active participant$2,068
Average account balance$59,670
Benefits paid to participants$588,623
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 232 accts · $701K emplr
2023$10.1M · 205 accts · $539K emplr
2022$7.1M · 162 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,260
Investment management$34,151
Total administrative$56,411
The Planet Depos, LLC 401(k) match · 2024
Employer contribution per active participant$2,068
Median for plans this size$2,416
2024$2,068 per active participant
2023$1,612 per active participant
2022$1,540 per active participant

Planet Depos, LLC's 2024 employer contribution ran below 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$28,961
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,260
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,190

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$56,411 · 0.47%
2023$39,846 · 0.46%
2022$28,787 · 0.42%
Same employer
Similar plansProfessional & Technical Services · Maryland
Cadmium, LLC MD$14.2M · 0.68%
Stratus Solutions Inc. MD$14.2M · 0.06%
Index Analytics LLC MD$13.8M · 0.01%
Allen & Shariff Corporation MD$13.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263280557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.