Plan Ledger DOL Form 5500 · updated monthly

Solutions Shared Services Inc.401(k)

SOLUTIONS SHARED SERVICES INC. 401K PLAN · SAN ANTONIO, TX · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Solutions Shared Services Inc. reported $88,468 in plan administrative expenses for 2023: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,485 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 0.45% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,892nd-largest of 5,688 plans among Texas employers on file, and the 570th of 2,534 in administrative & support services. In 2023, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 93 to 114 since 2022.

Plan summary
Net assets, end of year$22,009,287
Participants with balances225
Active participants114
Employer contributions$625,244
Employee contributions$1,034,194
Employer contribution per active participant$5,485
Average account balance$97,819
Benefits paid to participants$937,619
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 210 accts · $597K emplr
2023$22.0M · 225 accts · $625K emplr
2022$18.1M · 221 accts · $539K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$88,468
Total administrative$88,468
The Solutions Shared Services Inc. 401(k) match · 2023
Employer contribution per active participant$5,485
Median for plans this size$2,440
2024$6,563 per active participant
2023$5,485 per active participant
2022$5,798 per active participant

Solutions Shared Services Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$88,468

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$104,390 · 0.48%
2023$88,468 · 0.44%
2022$86,605 · 0.45%
Same employer
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Cart.com, Inc. TX$25.5M · 0.27%
Iris Telehealth, Inc TX$22.9M · 0.36%
Cotton Holdings, Inc. TX$22.1M · 0.59%
The Bms Enterprises, LLC TX$21.7M · 0.42%
Embrey Development Company TX$21.2M · 0.37%
Lifesize, Inc. TX$20.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813486598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.