What are the fees in the Team Rms, LLC 401(k) plan?

For plan year 2022, Team Rms, LLC reported $14,464 in plan administrative expenses, or 0.93% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Team Rms, LLC 401(k)?

The average participant account balance was $11,645 for plan year 2022, based on 151 accounts.

Team Rms, LLC401(k)

Name: Team Rms, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TEAM RMS, LLC 401(K) PLAN · SAN DIEGO, CA · plan year 2022

Reported admin expense ratio · 2022

0.93%

Team Rms, LLC reported $14,464 in plan administrative expenses for 2022: 0.93% of average plan assets, higher than ~75% of peers. 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 health care & social assistance employers. By assets it is among the smaller plans on file in California (8,418th of 9,483), and 10,249th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,758,356
Participants with balances151
Active participants4,454
Employer contributions—
Employee contributions$855,240
Employer contribution per active participant—
Average account balance$11,645
Benefits paid to participants$272,082
Plan auditUnmodified (clean) audit opinion
AuditorSOMERSET CPAS, P.C.

Plan history2

Yearassets · accounts · employer contribution

2023$0

2022$1.8M · 151 accts

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$12,289

Investment management$2,175

Total administrative$14,464

What these fees cost you

Your balance

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

2023Not separately reported

2022$14,464 · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823039161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.