Plan Ledger DOL Form 5500 · updated monthly

Recordxtechnolgies dba Ontellus401(k)

ONTELLUS 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Recordxtechnolgies dba Ontellus reported $55,461 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,680 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 3 years on file its reported administrative ratio has held roughly steady near 0.337%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 2,204th-largest of 5,688 plans among Texas employers on file, and the 681st of 2,534 in administrative & support services. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has shrunk from 602 to 528 since 2022.

Plan summary
Net assets, end of year$17,503,720
Participants with balances415
Active participants528
Employer contributions$886,828
Employee contributions$1,793,085
Employer contribution per active participant$1,680
Average account balance$42,178
Benefits paid to participants$2,623,277
Plan auditUnmodified (clean) audit opinion
AuditorHOFFMAN, SHORT, RUBIN, DEWINTER, SA
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 415 accts · $887K emplr
2023$15.4M · 462 accts · $904K emplr
2022$12.1M · 450 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,338
Investment management$45,123
Total administrative$55,461
The Recordxtechnolgies dba Ontellus 401(k) match · 2024
Employer contribution per active participant$1,680
Median for plans this size$2,416
2024$1,680 per active participant
2023$1,591 per active participant
2022$1,529 per active participant

Recordxtechnolgies dba Ontellus'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 · 20244
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$27,972
RELATION WEALTH MANAGEMENT INC · Investment advisory (plan)$10,523
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,338
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,627

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$55,461 · 0.34%
2023$49,308 · 0.36%
2022$44,234 · 0.34%
Same employer
Similar plansAdministrative & Support Services · Texas
Lifesize, Inc. TX$20.7M · 0.57%
Essential HR, Inc. TX$16.5M · 0.76%
The Trade Group, Inc. TX$16.3M · 0.29%
King George, LLC TX$14.3M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472853876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.