Plan Ledger DOL Form 5500 · updated monthly

Reliance Partners, LLC401(k)

RELIANCE PARTNERS, LLC · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Reliance Partners, LLC reported $5,500 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,766 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 0.02% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Tennessee (852nd of 1,496), and 4,024th of 4,798 in finance & insurance. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,594,000
Participants with balances180
Active participants230
Employer contributions$636,227
Employee contributions$1,154,167
Employer contribution per active participant$2,766
Average account balance$53,300
Benefits paid to participants$903,940
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 180 accts · $636K emplr
2023$7.5M · 168 accts · $643K emplr
2022$4.9M · 156 accts · $574K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,800
Total administrative$5,500
The Reliance Partners, LLC 401(k) match · 2024
Employer contribution per active participant$2,766
Median for plans this size$1,313
2024$2,766 per active participant
2023$2,657 per active participant
2022$2,441 per active participant

Reliance Partners, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASCENSUS · Other servicesindirect 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$5,500 · 0.06%
2023$2,100 · 0.03%
2022$950 · 0.02%
Same employer
Similar plansFinance & Insurance · Tennessee
Centennial Bank, Inc. TN$11.7M · 0.48%
Simplybank TN$9.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264244586 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.