Plan Ledger DOL Form 5500 · updated monthly

Source 4 Solutions LLC401(k)

SOURCE 4 SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Source 4 Solutions LLC reported $38,492 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $4 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 0.75% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Tennessee (826th of 1,496), and 2,097th of 3,091 in educational services. In 2024, employees put in $5.48 for every $1.00 the employer contributed; active participation has grown from 45,445 to 111,388 since 2022.

Plan summary
Net assets, end of year$10,232,296
Participants with balances1,608
Active participants111,388
Employer contributions$429,284
Employee contributions$2,350,869
Employer contribution per active participant$4
Average account balance$6,363
Benefits paid to participants$761,886
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 1,608 accts · $429K emplr
2023$6.2M · 1,096 accts · $211K emplr
2022$4.2M · 766 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,579
Investment management$4,053
Trustee / custodial$860
Total administrative$38,492
The Source 4 Solutions LLC 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$1,313
2024$4 per active participant
2023$2 per active participant

Source 4 Solutions LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PAYCHEX, INC. · Recordkeeping$27,517
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$6,050

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023Paychex

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,492 · 0.47%
2023$24,549 · 0.47%
2022$30,211 · 0.75%
Same employer
Similar plansEducational Services · Tennessee
Brentwood Academy TN$12.9M · 0.01%
Second Harvest Food Bank TN$10.4M · 0.02%
Davidson Academy TN$9.5M · 0.09%
Bryan College TN$9.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272096985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.