Plan Ledger DOL Form 5500 · updated monthly

Planet Equity Group, LLC401(k)

PLANET EQUITY GROUP, LLC 401(K) PLAN · WESTERN SPRINGS, IL · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Planet Equity Group, LLC reported $249,689 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,065 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 0.78% to 0.49%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 867th-largest of 3,702 plans among Illinois employers on file, and the 409th of 3,341 in other services. In 2024, employees put in $6.89 for every $1.00 the employer contributed; active participation has shrunk from 3,586 to 1,310 since 2022.

Plan summary
Net assets, end of year$53,349,447
Participants with balances901
Active participants1,310
Employer contributions$1,395,001
Employee contributions$9,615,136
Employer contribution per active participant$1,065
Average account balance$59,211
Benefits paid to participants$16,835,023
Plan auditUnmodified (clean) audit opinion
AuditorRSM, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 901 accts · $1.4M emplr
2023$48.9M · 1,043 accts · $1.7M emplr
2022$46.9M · 1,575 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$249,689
Total administrative$249,689
The Planet Equity Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,065
Median for plans this size$3,635
2024$1,065 per active participant
2023$747 per active participant
2022$588 per active participant

Planet Equity Group, LLC's 2024 employer contribution ran below the $3,635 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$248,552
EQUITABLE ADVISORS, LLC · Investment advisory (plan)indirect comp
ANCORA RETIREMENT PLAN ADVISORS INC · Investment advisory (plan)indirect comp
ETA CONSULTING, LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$249,689 · 0.49%
2023$206,257 · 0.43%
2022$324,549 · 0.78%
Same employer
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Aarete, Inc. IL$55.0M
American Lung Association IL$49.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461996256 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.