Plan Ledger DOL Form 5500 · updated monthly

Sagenet LLC401(k)

SAGENET 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Sagenet LLC reported $87,234 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,414 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 0.18% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 78th-largest of 724 plans among Oklahoma employers on file, and the 405th of 2,199 in information & media. In 2024, employees put in $3.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,418,119
Participants with balances631
Active participants447
Employer contributions$1,079,084
Employee contributions$3,650,611
Employer contribution per active participant$2,414
Average account balance$110,013
Benefits paid to participants$7,288,200
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.4M · 631 accts · $1.1M emplr
2023$61.3M · 578 accts · $1.0M emplr
2022$49.3M · 590 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,784
Total administrative$87,234
The Sagenet LLC 401(k) match · 2024
Employer contribution per active participant$2,414
Median for plans this size$3,635
2024$2,414 per active participant
2023$2,633 per active participant
2022$3,165 per active participant

Sagenet LLC's 2024 employer contribution ran below the $3,635 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
THE COMMERCE TRUST COMPANY · Consulting$82,450
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,784

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$87,234 · 0.13%
2023$68,640 · 0.12%
2022$96,437 · 0.18%
Similar plansInformation & Media · Oklahoma
T-Mobile Puerto Rico LLC WA$70.8M · 0.08%
Data Center, Inc. KS$70.0M · 0.17%
Nc Interactive, LLC WA$69.4M · 0.20%
Collibra Inc. NY$69.2M · 0.10%
Fivetran, Inc. CA$69.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731551328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.