Plan Ledger DOL Form 5500 · updated monthly

Sees Group, LLC401(k)

SEES GROUP, LLC 401(K) PLAN · CHATTANOOGA, TN · plan year 2023

Reported admin expense ratio · 2023
0.54%

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

Sees Group, LLC reported $90,109 in plan administrative expenses for 2023: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,438 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 1 year on file its reported administrative ratio rose from 0.41% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 579th-largest of 1,496 plans among Tennessee employers on file, and the 3,871st of 11,911 in health care & social assistance. In 2023, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,690,190
Participants with balances268
Active participants426
Employer contributions$612,664
Employee contributions$1,276,358
Employer contribution per active participant$1,438
Average account balance$69,740
Benefits paid to participants$815,539
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history2
Yearassets · accounts · employer contribution
2023$18.7M · 268 accts · $613K emplr
2022$14.9M · 257 accts · $557K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,579
Investment management$45,530
Total administrative$90,109
The Sees Group, LLC 401(k) match · 2023
Employer contribution per active participant$1,438
Median for plans this size$2,440
2023$1,438 per active participant
2022$1,368 per active participant

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

Service providers · 20233
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$45,218
ERISA SERVICES INC · Contract administrator$14,720

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

Administrative cost history2
2023$90,109 · 0.54%
2022$62,488 · 0.41%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Allergy Associates, P.A. TN$19.9M · 0.04%
Caris Healthcare, LP TN$18.2M · 0.63%
Lifelinc Corporation TN$18.1M · 1.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815205153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.