Plan Ledger DOL Form 5500 · updated monthly

Scheffel & Company, P.C.401(k)

SCHEFFEL BOYLE 401(K) PROFIT SHARING PLAN · ALTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Scheffel & Company, P.C. reported $13,293 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,273 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 rose from 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,136th-largest of 3,702 plans among Illinois employers on file, and the 3,442nd of 11,654 in professional & technical services. In 2024, employees put in $3.89 for every $1.00 the employer contributed; active participation has grown from 83 to 92 since 2022.

Plan summary
Net assets, end of year$38,027,361
Participants with balances114
Active participants92
Employer contributions$209,075
Employee contributions$813,082
Employer contribution per active participant$2,273
Average account balance$333,573
Benefits paid to participants$3,141,241
Plan auditUnmodified (clean) audit opinion
AuditorKREHBIEL & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.0M · 114 accts · $209K emplr
2023$34.2M · 111 accts · $252K emplr
2022$27.5M · 115 accts · $218K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,293
Total administrative$13,293
The Scheffel & Company, P.C. 401(k) match · 2024
Employer contribution per active participant$2,273
Median for plans this size$2,416
2024$2,273 per active participant
2023$3,447 per active participant
2022$2,622 per active participant

Scheffel & Company, P.C.'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
ADP, INC. · Recordkeeping$13,292
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$13,293 · 0.04%
2023$10,644 · 0.03%
2022$8,354 · 0.03%
Similar plansProfessional & Technical Services · Illinois
Levenfeld Pearlstein, LLC IL$38.5M · 0.05%
Klingner & Associates, P.C. IL$38.5M · 0.18%
Tressler LLP IL$38.1M · 0.29%
Civiltech Engineering, Inc. IL$37.9M · 0.15%
Codilis & Associates, P.C. IL$37.2M · 0.29%
Sdi Presence LLC IL$36.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371206530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.