Plan Ledger DOL Form 5500 · updated monthly

Team Holland, Inc.401(k)

TEAM HOLLAND, INC. 401(K) PLAN · TAYLOR MILL, KY · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Team Holland, Inc. reported $53,420 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $970 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 0.59% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Kentucky (516th of 871), and the 643rd of 2,240 in accommodation & food services. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 383 to 471 since 2022.

Plan summary
Net assets, end of year$8,602,982
Participants with balances353
Active participants471
Employer contributions$456,755
Employee contributions$851,787
Employer contribution per active participant$970
Average account balance$24,371
Benefits paid to participants$645,989
Plan auditUnmodified (clean) audit opinion
AuditorRUDLER, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 353 accts · $457K emplr
2023$6.7M · 323 accts · $414K emplr
2022$4.9M · 328 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,420
Total administrative$53,420
The Team Holland, Inc. 401(k) match · 2024
Employer contribution per active participant$970
Median for plans this size$1,313
2024$970 per active participant
2023$1,023 per active participant
2022$852 per active participant

Team Holland, Inc.'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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$30,335
LATITUDE SERVICE COMPANY INC$22,075
RUDLER, PSC$10,500

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$53,420 · 0.70%
2023$49,722 · 0.86%
2022$29,645 · 0.59%
Same employer
Similar plansAccommodation & Food Services · Kentucky
Malones Holding LLC KY$13.1M · 0.36%
Musselman Hotels, LLC KY$9.9M · 0.07%
Long John Silvers, LLC KY$8.4M · 0.43%
535 Main LLC KY$5.2M · 0.49%
Franchise Management, LLC KY$4.8M · 2.20%
McL Corporation KY$4.1M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463597755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.