Plan Ledger DOL Form 5500 · updated monthly

Softserve, Inc.401(k)

SOFTSERVE, INC. 401(K) PLAN · FORT MYERS, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Softserve, Inc. reported $85,503 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,931 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 0.49% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 918th-largest of 3,644 plans among Florida employers on file, and the 838th of 3,341 in other services. In 2024, employees put in $4.48 for every $1.00 the employer contributed; active participation has grown from 253 to 285 since 2022.

Plan summary
Net assets, end of year$25,854,785
Participants with balances314
Active participants285
Employer contributions$835,455
Employee contributions$3,744,367
Employer contribution per active participant$2,931
Average account balance$82,340
Benefits paid to participants$2,897,749
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 314 accts · $835K emplr
2023$15.8M · 255 accts · $807K emplr
2022$9.9M · 202 accts · $641K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,833
Investment management$16,670
Total administrative$85,503
The Softserve, Inc. 401(k) match · 2024
Employer contribution per active participant$2,931
Median for plans this size$2,416
2024$2,931 per active participant
2023$3,055 per active participant
2022$2,532 per active participant

Softserve, Inc.'s 2024 employer contribution ran above 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$68,833
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$16,670

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$85,503 · 0.41%
2023$61,891 · 0.48%
2022$44,440 · 0.49%
Same employer
Similar plansOther Services · Florida
Amikids, Inc. FL$26.8M · 0.44%
Benihana National Corp. FL$26.8M · 1.47%
Sma Healthcare, Inc. FL$25.6M · 0.29%
Reimagined Parking, Inc FL$24.6M · 0.29%
American Welding Society FL$24.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030387060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.