Plan Ledger DOL Form 5500 · updated monthly

Power Wellness Management, LLC401(k)

POWER WELLNESS MANAGEMENT, LLC 401(K) PLAN · LOMBARD, IL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Power Wellness Management, LLC reported $53,598 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $600 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 0.27% to 0.23%. 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 1,532nd-largest of 3,702 plans among Illinois employers on file, and the 4,914th of 11,654 in professional & technical services. In 2024, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,911,658
Participants with balances413
Active participants741
Employer contributions$444,374
Employee contributions$1,495,681
Employer contribution per active participant$600
Average account balance$57,897
Benefits paid to participants$3,294,570
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 413 accts · $444K emplr
2023$21.7M · 408 accts · $379K emplr
2022$18.0M · 389 accts · $391K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,718
Investment management$2,880
Total administrative$53,598
The Power Wellness Management, LLC 401(k) match · 2024
Employer contribution per active participant$600
Median for plans this size$2,416
2024$600 per active participant
2023$522 per active participant
2022$563 per active participant

Power Wellness Management, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$51,255

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$53,598 · 0.23%
2023$52,186 · 0.26%
2022$52,609 · 0.27%
Similar plansProfessional & Technical Services · Illinois
Majorkey Technologies LLC IL$24.4M · 0.23%
Fusion Risk Management, Inc IL$24.0M · 0.48%
Cutters, Inc. IL$23.7M · 0.09%
Kopka, Pinkus & Dolin, PC IL$23.2M · 0.51%
Kay and Associates, Inc. IL$23.1M · 0.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364313590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.