Plan Ledger DOL Form 5500 · updated monthly

Root Laboratory, Inc.401(k)

ROOT LABORATORY, INC. 401(K) PROFIT SHARING PLAN · LEAWOOD, KS · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Root Laboratory, Inc. reported $47,847 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,694 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 fell from 0.36% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 377th-largest of 828 plans among Kansas employers on file, and the 4,441st of 11,911 in health care & social assistance. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,236,505
Participants with balances134
Active participants90
Employer contributions$152,480
Employee contributions$321,348
Employer contribution per active participant$1,694
Average account balance$113,705
Benefits paid to participants$1,584,671
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 134 accts · $152K emplr
2023$14.4M · 128 accts · $157K emplr
2022$13.0M · 124 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,570
Trustee / custodial$33,023
Total administrative$47,847
The Root Laboratory, Inc. 401(k) match · 2024
Employer contribution per active participant$1,694
Median for plans this size$2,416
2024$1,694 per active participant
2023$1,574 per active participant
2022$1,636 per active participant

Root Laboratory, Inc.'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
TPP RETIREMENT PLAN SPECIALISTS · Recordkeeping$14,570
BENEFIT TRUST COMPANY · Trustee · Trustee (discretionary)$33,023

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

Recordkeeper by year2
2024TPP RETIREMENT PLAN SPECIALISTS
2023TPP RETIREMENT PLAN SPECIALISTS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,847 · 0.32%
2023$44,277 · 0.32%
2022$51,781 · 0.36%
Similar plansHealth Care & Social Assistance · Kansas
The Eby Group, Inc. KS$16.0M · 0.51%
McPherson Hospital Inc. KS$16.0M · 0.92%
Hiawatha Community Hospital KS$15.6M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 480878135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.