Plan Ledger DOL Form 5500 · updated monthly

Task Source, Inc.401(k)

TASK SOURCE INC 401K PROFIT SHARING PLAN TRUST · WESLEY CHAPEL, FL · plan year 2022

Reported admin expense ratio · 2022
1.07%

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

Task Source, Inc. reported $18,704 in plan administrative expenses for 2022: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,063 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (3,264th of 3,644), and 11,102nd of 11,654 in professional & technical services. In 2022, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,399,943
Participants with balances85
Active participants18
Employer contributions$55,134
Employee contributions$107,241
Employer contribution per active participant$3,063
Average account balance$16,470
Benefits paid to participants$473,667
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,704
Total administrative$18,704
The Task Source, Inc. 401(k) match · 2022
Employer contribution per active participant$3,063
Median for plans this size$1,114

Task Source, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 history1
2022$18,704 · 1.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 208309487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.