Plan Ledger DOL Form 5500 · updated monthly

Talascend, LLC401(k)

TALASCEND, LLC 401(K) PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Talascend, LLC reported $13,443 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.10% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,107th-largest of 2,619 plans among Michigan employers on file, and the 665th of 2,534 in administrative & support services. active participation has grown from 419 to 895 since 2022.

Plan summary
Net assets, end of year$18,144,717
Participants with balances242
Active participants895
Employer contributions$0
Employee contributions$1,055,831
Employer contribution per active participant$0
Average account balance$74,978
Benefits paid to participants$1,182,488
Plan auditUnmodified (clean) audit opinion
AuditorGROSS, MENDELSOHN & ASSOCIATES, P.A
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 242 accts
2023$15.3M · 253 accts
2022$12.3M · 256 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,344
Investment management$3,754
Total administrative$13,443
The Talascend, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Talascend, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,689

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$13,443 · 0.08%
2023$14,833 · 0.11%
2022$13,590 · 0.10%
Similar plansAdministrative & Support Services · Michigan
Bandit Industries, Inc. MI$17.3M · 0.68%
Axtella, LLC MI$16.1M · 0.10%
United Physicians, Inc. MI$14.2M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743034970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.