Plan Ledger DOL Form 5500 · updated monthly

Recon Management Services, Inc.401(k)

RECON 401K PLAN · SULPHUR, LA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Recon Management Services, Inc. reported $199,407 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,326 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 0.28% to 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 98th-largest of 884 plans among Louisiana employers on file, and the 2,353rd of 11,654 in professional & technical services. In 2024, employees put in $3.18 for every $1.00 the employer contributed; active participation has grown from 527 to 680 since 2022.

Plan summary
Net assets, end of year$60,693,978
Participants with balances841
Active participants680
Employer contributions$1,581,565
Employee contributions$5,025,121
Employer contribution per active participant$2,326
Average account balance$72,169
Benefits paid to participants$7,685,528
Plan auditUnmodified (clean) audit opinion
AuditorSTEVEN R DEROUEN & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$60.7M · 841 accts · $1.6M emplr
2023$55.1M · 872 accts · $1.3M emplr
2022$44.7M · 795 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,418
Investment management$184,989
Total administrative$199,407
The Recon Management Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,326
Median for plans this size$3,635
2024$2,326 per active participant
2023$2,239 per active participant
2022$1,959 per active participant

Recon Management Services, Inc.'s 2024 employer contribution ran below the $3,635 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
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$17,608
FUTURE CAPITAL · Investment advisory (participants)$101,023
EDWARD D JONES AND CO · Investment advisory (participants) · Investment advisory (plan)$83,966

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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Administrative cost history3
2024$199,407 · 0.34%
2023$154,851 · 0.31%
2022$132,012 · 0.28%
All plans at this employer2
RECON 401K PLAN401(k)
RECON MANAGEMENT SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Louisiana
Georges Enterprises, LLC LA$55.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721290983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.