Plan Ledger DOL Form 5500 · updated monthly

Simple Laboratories LLC401(k)

SIMPLE LABORATORIES LLC RETIREMENT TRUST · CHICAGO, IL · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Simple Laboratories LLC reported $6,957 in plan administrative expenses for 2022: 0.42% of average plan assets, below the peer median. Employer contributions averaged $420 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,420th of 3,702), and 10,443rd of 11,911 in health care & social assistance. In 2022, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,531,706
Participants with balances98
Active participants246
Employer contributions$103,409
Employee contributions$207,998
Employer contribution per active participant$420
Average account balance$15,630
Benefits paid to participants$282,776
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE, SCHILLER & GARDYN, PA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,549
Investment management$408
Total administrative$6,957
The Simple Laboratories LLC 401(k) match · 2022
Employer contribution per active participant$420
Median for plans this size$1,114

Simple Laboratories LLC's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$6,957 · 0.42%
Similar plansHealth Care & Social Assistance · Illinois
El Valor Corporation IL$1.6M · 1.85%
By Your Side, LLC IL$1.6M · 1.36%
Marc Center IL$1.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465462796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.