Plan Ledger DOL Form 5500 · updated monthly

Sn Servicing Corporation401(k)

SN SERVICING 401(K) PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Sn Servicing Corporation reported $19,050 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,005 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 0.02% to 0.09%. 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 220th-largest of 884 plans among Louisiana employers on file, and 2,770th of 4,798 in finance & insurance. In 2024, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,865,027
Participants with balances308
Active participants243
Employer contributions$487,217
Employee contributions$1,227,204
Employer contribution per active participant$2,005
Average account balance$77,484
Benefits paid to participants$836,268
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 308 accts · $487K emplr
2023$20.2M · 291 accts · $421K emplr
2022$16.5M · 433 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,800
Total administrative$19,050
The Sn Servicing Corporation 401(k) match · 2024
Employer contribution per active participant$2,005
Median for plans this size$2,416
2024$2,005 per active participant
2023$1,793 per active participant
2022$1,394 per active participant

Sn Servicing Corporation's 2024 employer contribution ran below 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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)$19,050
MORNINGSTAR · Investment advisory (plan)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$19,050 · 0.09%
2023$8,800 · 0.05%
2022$3,350 · 0.02%
Same employer
Similar plansFinance & Insurance · Louisiana
Pelican State Credit Union LA$25.4M · 0.75%
Bonvenu Bancorp, Inc. LA$24.0M · 0.17%
Campus Federal Credit Union LA$23.2M · 0.41%
Crescent Bank & Trust LA$23.0M · 0.17%
Home Bancorp, Inc. LA$22.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721299528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.