Plan Ledger DOL Form 5500 · updated monthly

Service Lloyds Insurance Company401(k)

SERVICE LLOYDS INSURANCE COMPANY PROFIT SHARING AND 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Service Lloyds Insurance Company reported $77,630 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,844 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 0.22% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,242nd-largest of 5,688 plans among Texas employers on file, and the 1,962nd of 4,798 in finance & insurance. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has grown from 108 to 136 since 2022.

Plan summary
Net assets, end of year$39,993,350
Participants with balances167
Active participants136
Employer contributions$386,801
Employee contributions$859,915
Employer contribution per active participant$2,844
Average account balance$239,481
Benefits paid to participants$2,672,796
Plan auditUnmodified (clean) audit opinion
AuditorCALHOUN THOMSON & MATZA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 167 accts · $387K emplr
2023$35.9M · 153 accts · $1.4M emplr
2022$31.4M · 155 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,504
Investment management$65,126
Total administrative$77,630
The Service Lloyds Insurance Company 401(k) match · 2024
Employer contribution per active participant$2,844
Median for plans this size$2,416
2024$2,844 per active participant
2023$12,045 per active participant
2022$11,684 per active participant

Service Lloyds Insurance Company'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 · 20242
PRIME CAPITAL INVESTMENT ADVISORS · Investment advisory (plan)$65,126
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,504

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$77,630 · 0.20%
2023$75,292 · 0.22%
2022$74,578 · 0.22%
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Envoy Mortgage, LTD TX$41.2M · 0.22%
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Republic First Bank TX$40.6M · 0.34%
Apex Capital Corp TX$38.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742227733 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.