Plan Ledger DOL Form 5500 · updated monthly

Seres Engineering & Services LLC401(k)

SERES ENGINEERING 401(K) PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Seres Engineering & Services LLC reported $1,968 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,499 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 0.041% to 0.044%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in South Carolina (567th of 807), and 9,798th of 11,654 in professional & technical services. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,008,746
Participants with balances105
Active participants149
Employer contributions$223,330
Employee contributions$533,328
Employer contribution per active participant$1,499
Average account balance$47,702
Benefits paid to participants$227,083
Plan auditUnmodified (clean) audit opinion
AuditorNEWTON & HINSKE LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 105 accts · $223K emplr
2023$3.9M · 103 accts · $230K emplr
2022$2.9M · 114 accts · $241K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,968
Total administrative$1,968
The Seres Engineering & Services LLC 401(k) match · 2024
Employer contribution per active participant$1,499
Median for plans this size$1,313
2024$1,499 per active participant
2023$1,596 per active participant
2022$1,707 per active participant

Seres Engineering & Services LLC's 2024 employer contribution ran above the $1,313 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. · Loan processing · Recordkeeping$1,967
ADP BROKER-DEALER · Other servicesindirect 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$1,968 · 0.04%
2023$2,680 · 0.08%
2022$1,170 · 0.04%
Similar plansProfessional & Technical Services · South Carolina
Msi-Viking Gage, LLC SC$6.0M · 0.55%
Allsource Enterprises LLC SC$5.9M · 0.79%
Quant Systems, Inc SC$5.5M · 0.18%
Itc Defense Corp SC$4.8M · 0.59%
Weeks & Irvine, LLC SC$4.5M · 0.38%
Diesel Laptops, LLC SC$3.4M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260796919 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.