Plan Ledger DOL Form 5500 · updated monthly

System Resources Telecom, LLC401(k)

SYSTEM RESOURCES TELECOM 401(K) PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
1.46%

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

System Resources Telecom, LLC reported $56,934 in plan administrative expenses for 2024: 1.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $907 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 1.37% to 1.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Louisiana (636th of 884), and 10,058th of 11,654 in professional & technical services. In 2024, employees put in $3.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,315,225
Participants with balances116
Active participants212
Employer contributions$192,194
Employee contributions$680,889
Employer contribution per active participant$907
Average account balance$37,200
Benefits paid to participants$461,161
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 116 accts · $192K emplr
2023$3.5M · 113 accts · $204K emplr
2022$2.5M · 112 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,934
Total administrative$56,934
The System Resources Telecom, LLC 401(k) match · 2024
Employer contribution per active participant$907
Median for plans this size$1,313
2024$907 per active participant
2023$1,057 per active participant
2022$931 per active participant

System Resources Telecom, LLC's 2024 employer contribution ran below the $1,313 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
TRANSAMERICA FINANCIAL LIFE INS CO. · Recordkeeping · Loan processing$25,218
THE HASLAUER GROUP, INC. · Recordkeeping · Loan processing$2,450
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$29,266

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

Recordkeeper by year2
2024THE HASLAUER GROUP, INC., Transamerica
2023THE HASLAUER GROUP, INC., Transamerica

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

Administrative cost history3
2024$56,934 · 1.46%
2023$43,545 · 1.46%
2022$31,457 · 1.37%
Same employer
Similar plansProfessional & Technical Services · Louisiana
Comtec Consultants, Inc. LA$4.8M · 0.06%
Advisewell, Inc. LA$4.6M · 0.60%
Team Services, LLC LA$3.9M · 0.52%
Doyle Land Services, Inc. LA$3.8M · 0.09%
Chimp Haven, Inc. LA$3.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721432916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.