Plan Ledger DOL Form 5500 · updated monthly

Sendero Business Services, L.P.401(k)

SENDERO 401(K) RETIREMENT PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Sendero Business Services, L.P. reported $96,614 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $3,654 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 3 years on file its reported administrative ratio has held roughly steady near 0.457%. 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 1,812th-largest of 5,688 plans among Texas employers on file, and the 4,980th of 11,654 in professional & technical services. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 180 to 225 since 2022.

Plan summary
Net assets, end of year$23,492,206
Participants with balances428
Active participants225
Employer contributions$822,151
Employee contributions$1,767,176
Employer contribution per active participant$3,654
Average account balance$54,888
Benefits paid to participants$1,080,658
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 428 accts · $822K emplr
2023$18.8M · 386 accts · $798K emplr
2022$14.4M · 354 accts · $731K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,755
Investment management$56,859
Total administrative$96,614
The Sendero Business Services, L.P. 401(k) match · 2024
Employer contribution per active participant$3,654
Median for plans this size$2,416
2024$3,654 per active participant
2023$3,992 per active participant
2022$4,060 per active participant

Sendero Business Services, L.P.'s 2024 employer contribution ran above 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$50,064
EMPOWER ADVISORY GROUP, LLC · Investment management$6,795

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$96,614 · 0.46%
2023$75,601 · 0.46%
2022$72,448 · 0.46%
Same employer
Similar plansProfessional & Technical Services · Texas
Lexipol, LLC TX$24.2M · 0.13%
Good Fulton & Farrell, Inc. TX$24.0M · 0.44%
Neuman & Esser USA, Inc. TX$23.6M · 0.02%
Cenergistic, LLC TX$23.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262832122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.