Plan Ledger DOL Form 5500 · updated monthly

Tender Loving Care Management401(k)

TLC MANAGEMENT, INC. 401(K) PLAN · MARION, IN · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Tender Loving Care Management reported $142,764 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,181 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 0.58% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 421st-largest of 1,562 plans among Indiana employers on file, and the 2,372nd of 4,798 in finance & insurance. In 2024, employees put in $1.11 for every $1.00 the employer contributed; active participation has grown from 1,702 to 2,102 since 2022.

Plan summary
Net assets, end of year$30,968,179
Participants with balances1,598
Active participants2,102
Employer contributions$2,482,156
Employee contributions$2,767,001
Employer contribution per active participant$1,181
Average account balance$19,379
Benefits paid to participants$2,435,007
Plan auditUnmodified (clean) audit opinion
AuditorDULIN WARD & DEWALD INC.
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 1,598 accts · $2.5M emplr
2023$25.4M · 1,332 accts · $1.7M emplr
2022$20.0M · 1,228 accts · $610K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,249
Investment management$49,515
Total administrative$142,764
The Tender Loving Care Management 401(k) match · 2024
Employer contribution per active participant$1,181
Median for plans this size$2,416
2024$1,181 per active participant
2023$923 per active participant
2022$358 per active participant

Tender Loving Care Management'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 · 20243
ADP, INC. · Recordkeeping$93,249
EDWARD JONES · Recordkeeping · Trustee$49,514
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Edward Jones
2023ADP, Edward Jones

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

Administrative cost history3
2024$142,764 · 0.51%
2023$114,746 · 0.51%
2022$125,732 · 0.58%
Similar plansFinance & Insurance · Indiana
Peoples Bank IN$34.8M · 0.35%
First Berne Financial Corp IN$29.2M · 0.14%
First Harrison Bank IN$27.4M · 0.03%
Centra Credit Union IN$24.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351765894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.