Plan Ledger DOL Form 5500 · updated monthly

Shared Services, LLC401(k)

SHARED SERVICES 401(K) PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Shared Services, LLC reported $57,617 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $4,676 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 0.34% 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 1,281st-largest of 3,295 plans among Ohio employers on file, and the 5,424th of 11,654 in professional & technical services. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 135 to 149 since 2022.

Plan summary
Net assets, end of year$20,733,294
Participants with balances158
Active participants149
Employer contributions$696,725
Employee contributions$1,323,048
Employer contribution per active participant$4,676
Average account balance$131,223
Benefits paid to participants$371,695
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 158 accts · $697K emplr
2023$16.3M · 152 accts · $638K emplr
2022$12.2M · 138 accts · $541K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,617
Total administrative$57,617
The Shared Services, LLC 401(k) match · 2024
Employer contribution per active participant$4,676
Median for plans this size$2,416
2024$4,676 per active participant
2023$4,626 per active participant
2022$4,010 per active participant

Shared Services, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$57,699

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$57,617 · 0.31%
2023$44,153 · 0.31%
2022$43,066 · 0.34%
Same employer
Similar plansProfessional & Technical Services · Ohio
Arrow Tru-Line, Inc. OH$21.2M · 0.42%
Glasstech, Inc. OH$21.1M · 0.20%
Innomark Communications LLC OH$20.0M · 0.53%
Infoverity U.S., Inc. OH$20.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465302568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.