Plan Ledger DOL Form 5500 · updated monthly

Sherloq Solutions, Inc.401(k)

SHERLOQ SOLUTIONS, INC. 401(K) PLAN · TAMPA, FL · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Sherloq Solutions, Inc. reported $14,625 in plan administrative expenses for 2023: 0.37% of average plan assets, below the peer median. Employer contributions averaged $742 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 0.37% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,639th of 3,644), and 1,544th of 2,534 in administrative & support services. In 2023, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,223,318
Participants with balances116
Active participants107
Employer contributions$79,361
Employee contributions$247,783
Employer contribution per active participant$742
Average account balance$36,408
Benefits paid to participants$393,361
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 135 accts · $85K emplr
2023$4.2M · 116 accts · $79K emplr
2022$3.7M · 116 accts · $81K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,767
Investment management$11,858
Total administrative$14,625
The Sherloq Solutions, Inc. 401(k) match · 2023
Employer contribution per active participant$742
Median for plans this size$1,308
2024$748 per active participant
2023$742 per active participant
2022$806 per active participant

Sherloq Solutions, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
EMPOWER ADVISORY GROUP, LLC · Investment management$11,858

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$18,134 · 0.44%
2023$14,625 · 0.37%
2022$15,229 · 0.37%
Similar plansAdministrative & Support Services · Florida
Howard Leasing, Inc. FL$4.5M · 1.23%
Patronus Systems Inc. FL$4.4M · 1.76%
One Touch Direct, LLC FL$4.1M · 0.70%
Cd Peo Plus, LLC FL$4.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364738168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.