Plan Ledger DOL Form 5500 · updated monthly

Retiring by Design401(k)

SOLUTIONS ADVISORS 401(K) RETIREMENT PLAN · ST. PETERSBURG, FL · plan year 2022

Reported admin expense ratio · 2022
0.71%

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

Retiring by Design reported $18,328 in plan administrative expenses for 2022: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,395 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 fell from 1.72% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,932nd of 3,644), and 9,422nd of 11,911 in health care & social assistance. In 2022, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,784,261
Participants with balances168
Active participants161
Employer contributions$224,673
Employee contributions$637,954
Employer contribution per active participant$1,395
Average account balance$16,573
Benefits paid to participants$290,766
Plan auditUnmodified (clean) audit opinion
AuditorCOWAN GUNTENSKI & CO., P.A.
Plan history2
Yearassets · accounts · employer contribution
2022$2.8M · 168 accts · $225K emplr
2021$2.4M · 174 accts · $243K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,328
Total administrative$18,328
The Retiring by Design 401(k) match · 2022
Employer contribution per active participant$1,395
Median for plans this size$1,114
2022$1,395 per active participant
2021$306 per active participant

Retiring by Design's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$18,328 · 0.71%
2021$31,239 · 1.72%
Similar plansHealth Care & Social Assistance · Florida
Cutiscare LLC FL$2.9M · 0.67%
Impower, Inc. FL$2.8M · 1.36%
Sonata Health Care, LLC FL$2.8M · 0.76%
Centerplace Health, Inc. FL$2.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454190056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.