Plan Ledger DOL Form 5500 · updated monthly

Sunstar Insurance Group dba Chapman-Sander Insurance, LLC401(k)

SUNSTAR INSURANCE GROUP 401(K) PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Sunstar Insurance Group dba Chapman-Sander Insurance, LLC reported $95,990 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,369 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 0.58% to 0.46%. 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 467th-largest of 1,496 plans among Tennessee employers on file, and 2,661st of 4,798 in finance & insurance. In 2024, employees put in $3.24 for every $1.00 the employer contributed; active participation has grown from 521 to 738 since 2022.

Plan summary
Net assets, end of year$25,521,985
Participants with balances530
Active participants738
Employer contributions$1,009,971
Employee contributions$3,269,452
Employer contribution per active participant$1,369
Average account balance$48,155
Benefits paid to participants$1,792,493
Plan auditUnmodified (clean) audit opinion
AuditorREYNOLDS, BONE & GRIESBECK PLC
Plan history3
Yearassets · accounts · employer contribution
2024$25.5M · 530 accts · $1.0M emplr
2023$16.0M · 360 accts · $639K emplr
2022$11.1M · 325 accts · $503K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,990
Total administrative$95,990
The Sunstar Insurance Group dba Chapman-Sander Insurance, LLC 401(k) match · 2024
Employer contribution per active participant$1,369
Median for plans this size$2,416
2024$1,369 per active participant
2023$1,091 per active participant
2022$965 per active participant

Sunstar Insurance Group dba Chapman-Sander Insurance, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$95,990
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)indirect comp
BENEFIT PLANS PLUS LLC · Other servicesindirect comp

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$95,990 · 0.46%
2023$73,266 · 0.54%
2022$60,730 · 0.58%
Same employer
Similar plansFinance & Insurance · Tennessee
Mortgage Investors Group TN$30.2M · 0.64%
Independent Bank TN$29.8M · 0.26%
Citizens Tri-County Bank TN$24.8M · 0.06%
Citizens National Bank TN$24.6M · 0.37%
Citizens Bank TN$24.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460800597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.