Plan Ledger DOL Form 5500 · updated monthly

Ragan Smith Associates, Inc.401(k)

RAGAN SMITH ASSOCIATES, INC. RESTATED PROFIT SHARING 401(K) PLAN · NASHVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Ragan Smith Associates, Inc. reported $76,493 in plan administrative expenses for 2023: 0.43% of average plan assets, above the peer median. Employer contributions averaged $8,008 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 1 year on file its reported administrative ratio rose from 0.39% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 549th-largest of 1,496 plans among Tennessee employers on file, and the 5,549th of 11,654 in professional & technical services. In 2023, the employer put in $1.03 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,972,678
Participants with balances174
Active participants144
Employer contributions$1,153,201
Employee contributions$1,123,669
Employer contribution per active participant$8,008
Average account balance$114,786
Benefits paid to participants$483,872
Plan auditUnmodified (clean) audit opinion
AuditorKRAFTCPAS
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $403K emplr
2023$20.0M · 174 accts · $1.2M emplr
2022$15.4M · 174 accts · $1.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,523
Investment management$42,970
Total administrative$76,493
The Ragan Smith Associates, Inc. 401(k) match · 2023
Employer contribution per active participant$8,008
Median for plans this size$2,440
2023$8,008 per active participant
2022$9,240 per active participant

Ragan Smith Associates, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants)$26,122
TRUSTCORE FINANCIAL SERVICES · Investment advisory (participants)$16,848

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

Administrative cost history3
2024Not separately reported
2023$76,493 · 0.43%
2022$64,391 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Pophealthcare, LLC TN$20.0M · 0.50%
Codescience, Inc. TN$19.0M · 0.48%
Inova Payroll, Inc. TN$18.5M · 0.72%
Perfectserve, Inc. TN$18.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620730065 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.