Plan Ledger DOL Form 5500 · updated monthly

Ryan Specialty, LLC401(k)

RYAN SPECIALTY 401(K) SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Ryan Specialty, LLC reported $156,737 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,142 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 0.08% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 128th-largest of 3,702 plans among Illinois employers on file, and the 260th of 4,798 in finance & insurance. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 3,757 to 4,873 since 2022.

Plan summary
Net assets, end of year$635,548,213
Participants with balances5,566
Active participants4,873
Employer contributions$25,055,225
Employee contributions$55,040,735
Employer contribution per active participant$5,142
Average account balance$114,184
Benefits paid to participants$47,854,470
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$635.5M · 5,566 accts · $25.1M emplr
2023$502.8M · 4,936 accts · $21.3M emplr
2022$360.8M · 4,304 accts · $17.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$149,237
Audit (IQPA)$6,300
Total administrative$156,737
The Ryan Specialty, LLC 401(k) match · 2024
Employer contribution per active participant$5,142
Median for plans this size$4,294
2024$5,142 per active participant
2023$5,046 per active participant
2022$4,617 per active participant

Ryan Specialty, LLC's 2024 employer contribution ran above the $4,294 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
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$149,237
GRANT THORNTON LLP · Accounting / audit$6,300
QDRO CONSULTANTS COMPANY, LLC · Consulting$1,200

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$156,737 · 0.03%
2023$161,299 · 0.04%
2022$305,326 · 0.08%
Same employer
Similar plansFinance & Insurance · Illinois
Guggenheim Services, LLC IL$703.5M · 0.05%
Rate Holdings Corp. IL$525.8M · 0.11%
Cboe Services Co. IL$509.1M · 0.03%
Alera Group, Inc. IL$499.7M · 0.25%
Cboe Global Markets, Inc. IL$430.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272122990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.