Plan Ledger DOL Form 5500 · updated monthly

Simmons Hanly Conroy LLP401(k)

SIMMONS HANLY CONROY 401(K) PLAN · ALTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Simmons Hanly Conroy LLP reported $73,011 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,949 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 3 years on file its reported administrative ratio has held roughly steady near 0.060%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 472nd-largest of 3,702 plans among Illinois employers on file, and the 1,216th of 11,654 in professional & technical services. In 2024, employees put in $1.10 for every $1.00 the employer contributed; active participation has grown from 352 to 425 since 2022.

Plan summary
Net assets, end of year$126,855,973
Participants with balances494
Active participants425
Employer contributions$4,653,148
Employee contributions$5,098,364
Employer contribution per active participant$10,949
Average account balance$256,793
Benefits paid to participants$13,321,940
Plan auditUnmodified (clean) audit opinion
AuditorMARKSNELSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$126.9M · 494 accts · $4.7M emplr
2023$114.9M · 478 accts · $4.2M emplr
2022$94.5M · 440 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,011
Total administrative$73,011
The Simmons Hanly Conroy LLP 401(k) match · 2024
Employer contribution per active participant$10,949
Median for plans this size$3,635
2024$10,949 per active participant
2023$10,432 per active participant
2022$10,402 per active participant

Simmons Hanly Conroy LLP's 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,011
RAYMOND JAMES AND ASSOCIATES, INC. · Consultingindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$73,011 · 0.06%
2023$78,125 · 0.07%
2022$63,012 · 0.06%
Same employer
Similar plansProfessional & Technical Services · Illinois
Hanson Group, Inc. IL$132.6M · 0.15%
Halo Branded Solutions, Inc. IL$131.4M · 0.21%
Axiom Global Inc. IL$114.4M · 0.24%
Sprout Social, Inc. IL$113.5M · 0.15%
Johnson & Bell, LTD. IL$109.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371387830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.