Plan Ledger DOL Form 5500 · updated monthly

Tandem HR, LLC401(k)

TANDEM HR, LLC 401(K) PLAN · WESTCHESTER, IL · plan year 2022

Reported admin expense ratio · 2022
0.18%

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

Tandem HR, LLC reported $321,774 in plan administrative expenses for 2022: 0.18% of average plan assets, above the peer median. Employer contributions averaged $454 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 1 year on file its reported administrative ratio rose from 0.18% to 0.65%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other professional & technical services employers. By assets it is the 245th-largest of 3,702 plans among Illinois employers on file, and the 584th of 11,654 in professional & technical services. In 2022, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$287,202,228
Participants with balances6,331
Active participants10,327
Employer contributions$4,688,058
Employee contributions$9,519,759
Employer contribution per active participant$454
Average account balance$45,364
Benefits paid to participants$7,266,894
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$285.3M · 5,540 accts · $13.0M emplr
2022$287.2M · 6,331 accts · $4.7M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$279,364
Investment management$26,654
Professional / advisory$15,756
Total administrative$321,774
The Tandem HR, LLC 401(k) match · 2022
Employer contribution per active participant$454
Median for plans this size$3,449
2023$1,341 per active participant
2022$454 per active participant

Tandem HR, LLC's 2022 employer contribution ran below the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$1,848,559 · 0.65%
2022$321,774 · 0.18%
All plans at this employer2
TANDEM HR, LLC 401(K) PLAN401(k)
TANDEM HR, LLC 401(K) PLAN401(k)
Similar plansProfessional & Technical Services · Illinois
Convergint Technologies, LLC IL$376.3M · 0.22%
Alfred Benesch & Company IL$336.3M · 0.16%
Heidrick & Struggles, Inc. IL$320.8M · 0.07%
Sikich LLP IL$280.1M · 0.02%
Norc, Inc. IL$246.8M · 0.08%
Smithbucklin Corporation IL$242.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205628549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.