Plan Ledger DOL Form 5500 · updated monthly

Sac Wireless, LLC401(k)

SAC WIRELESS, LLC 401(K) PROFIT SHARING PLAN · ELGIN, IL · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Sac Wireless, LLC reported $211,518 in plan administrative expenses for 2023: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,092 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 0.68% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 1,189th-largest of 3,702 plans among Illinois employers on file, and the 699th of 2,199 in information & media. In 2023, employees put in $1.82 for every $1.00 the employer contributed; active participation has shrunk from 507 to 303 since 2022.

Plan summary
Net assets, end of year$34,902,609
Participants with balances1,099
Active participants303
Employer contributions$1,542,870
Employee contributions$2,806,879
Employer contribution per active participant$5,092
Average account balance$31,759
Benefits paid to participants$6,403,621
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.5M · 866 accts · $380K emplr
2023$34.9M · 1,099 accts · $1.5M emplr
2022$32.0M · 1,335 accts · $1.9M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$161,860
Investment management$49,658
Total administrative$211,518
The Sac Wireless, LLC 401(k) match · 2023
Employer contribution per active participant$5,092
Median for plans this size$2,440
2024$3,961 per active participant
2023$5,092 per active participant
2022$3,689 per active participant

Sac Wireless, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MMA SECURITIES LLC · Investment advisory (plan)$29,997
EMPOWER ADVISORY GROUP, LLC · Investment management$19,662

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$192,596 · 0.57%
2023$211,518 · 0.63%
2022$246,741 · 0.68%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 263080207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.