Plan Ledger DOL Form 5500 · updated monthly

Spring Eq LLC401(k)

SPRING EQ 401(K) PLAN · CONSHOHOCKEN, PA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Spring Eq LLC reported $59,709 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,031 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 0.48%. 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 1,799th-largest of 3,651 plans among Pennsylvania employers on file, and 3,453rd of 4,798 in finance & insurance. In 2024, employees put in $2.77 for every $1.00 the employer contributed; active participation has grown from 344 to 420 since 2022.

Plan summary
Net assets, end of year$15,556,681
Participants with balances394
Active participants420
Employer contributions$853,224
Employee contributions$2,365,578
Employer contribution per active participant$2,031
Average account balance$39,484
Benefits paid to participants$437,844
Plan auditUnmodified (clean) audit opinion
AuditorRICHEY MAY
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 394 accts · $853K emplr
2023$9.3M · 282 accts · $611K emplr
2022$4.9M · 274 accts · $567K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,816
Investment management$29,893
Total administrative$59,709
The Spring Eq LLC 401(k) match · 2024
Employer contribution per active participant$2,031
Median for plans this size$2,416
2024$2,031 per active participant
2023$1,971 per active participant
2022$1,647 per active participant

Spring Eq LLC'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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$29,815
MML INVESTORS SERVICES · Investment advisory (plan)$29,893

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$59,709 · 0.48%
2023$46,112 · 0.65%
2022$31,435 · 0.75%
Same employer
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Linkbancorp, Inc. PA$16.7M · 0.09%
At Retirement Services PA$16.2M · 0.63%
Mortgage Connect, LP PA$15.7M · 0.94%
The Juniata Valley Bank PA$15.2M · 0.02%
Reliance Savings Bank PA$14.6M · 0.03%
Widget Federal Credit Union PA$14.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371801711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.