Plan Ledger DOL Form 5500 · updated monthly

Sunland Employee Leasing, LLC401(k)

SUNLAND EMPLOYEE LEASING, LLC 401(K) PLAN · CHATTANOOGA, TN · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Sunland Employee Leasing, LLC reported $7,289 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $581 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 0.53% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Tennessee (1,191st of 1,496), and 1,653rd of 2,534 in administrative & support services. In 2023, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 503 to 437 since 2022.

Plan summary
Net assets, end of year$3,568,064
Participants with balances261
Active participants437
Employer contributions$253,963
Employee contributions$402,651
Employer contribution per active participant$581
Average account balance$13,671
Benefits paid to participants$21,006
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 212 accts · $96K emplr
2023$3.6M · 261 accts · $254K emplr
2022$2.2M · 101 accts · $95K emplr
The Sunland Employee Leasing, LLC 401(k) match · 2023
Employer contribution per active participant$581
Median for plans this size$1,308
2024$244 per active participant
2023$581 per active participant
2022$190 per active participant

Sunland Employee Leasing, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202310
T ROWE PRICE RPS, INC · Recordkeeping · Trustee$7,289
DIMENSIONAL FUNDS · Investment managementindirect comp
AMERICAN FUNDS · Investment managementindirect comp
INVESCO · Investment managementindirect comp
VANGUARD GROUP · Investment managementindirect comp
TIAA-CREF · Investment managementindirect comp
JANUS FUNDS · Investment managementindirect comp
JP MORGAN FUNDS · Investment managementindirect comp
FIDELITY · Investment managementindirect comp
SCHWABE, WILLIAMSON & WYATT · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$25,430 · 0.78%
2023$7,289 · 0.25%
2022$11,688 · 0.53%
Same employer
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Smc Recycling, Inc. TN$4.1M · 0.50%
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Source: U.S. Department of Labor, Form 5500 series, EIN 454847242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.