Plan Ledger DOL Form 5500 · updated monthly

Ratio States, LLC401(k)

RATIO STATES, LLC 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Ratio States, LLC reported $64,621 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,692 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 0.04% to 0.21%. 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 386th-largest of 1,562 plans among Indiana employers on file, and the 3,733rd of 11,654 in professional & technical services. In 2024, employees put in $5.85 for every $1.00 the employer contributed; active participation has grown from 180 to 215 since 2022.

Plan summary
Net assets, end of year$34,535,638
Participants with balances255
Active participants215
Employer contributions$363,712
Employee contributions$2,127,450
Employer contribution per active participant$1,692
Average account balance$135,434
Benefits paid to participants$1,581,923
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.5M · 255 accts · $364K emplr
2023$28.5M · 248 accts · $319K emplr
2022$24.6M · 226 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,621
Total administrative$64,621
The Ratio States, LLC 401(k) match · 2024
Employer contribution per active participant$1,692
Median for plans this size$2,416
2024$1,692 per active participant
2023$1,517 per active participant
2022$1,613 per active participant

Ratio States, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$64,621
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)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$64,621 · 0.21%
2023$52,029 · 0.20%
2022$10,282 · 0.04%
Similar plansProfessional & Technical Services · Indiana
Verista, Inc. IN$39.2M · 0.32%
Beam Longest Neff Inc. IN$37.7M · 0.00%
Moser Consulting, Inc. IN$33.8M · 0.03%
Fusion Alliance, LLC IN$33.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472339289 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.