Plan Ledger DOL Form 5500 · updated monthly

Service Access & Management, Inc.401(k)

SERVICE ACCESS & MANAGEMENT, INC. EMPLOYEES' 401(K) PLAN · READING, PA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Service Access & Management, Inc. reported $126,633 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,564 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 0.40% to 0.31%. 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 896th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,123rd of 11,654 in professional & technical services. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,068,445
Participants with balances892
Active participants792
Employer contributions$1,238,349
Employee contributions$2,663,738
Employer contribution per active participant$1,564
Average account balance$48,283
Benefits paid to participants$3,885,915
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$43.1M · 892 accts · $1.2M emplr
2023$38.4M · 922 accts · $1.2M emplr
2022$33.2M · 925 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,475
Investment management$89,158
Total administrative$126,633
The Service Access & Management, Inc. 401(k) match · 2024
Employer contribution per active participant$1,564
Median for plans this size$2,416
2024$1,564 per active participant
2023$1,399 per active participant
2022$1,431 per active participant

Service Access & Management, Inc.'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 · 20243
NATIONWIDE · Investment management · Recordkeeping$24,628
WIPFLI LLP · Recordkeeping · Loan processing$12,847
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants) · Investment advisory (plan)$89,158

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

Recordkeeper by year2
2024Nationwide, WIPFLI LLP
2023Nationwide, WIPFLI LLP

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

Administrative cost history3
2024$126,633 · 0.31%
2023$108,802 · 0.30%
2022$127,355 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Fortna Inc. PA$44.0M · 0.04%
Rawle & Henderson, LLP PA$43.8M · 0.07%
Valsource, Inc. PA$43.5M · 0.32%
Rettew Associates, Inc. PA$43.3M · 0.37%
Novatech, L.L.C. PA$42.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232897133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.