Plan Ledger DOL Form 5500 · updated monthly

The Finit Group LLC401(k)

FINIT SOLUTIONS 401(K) · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

The Finit Group LLC reported $30,540 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,343 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 0.01% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 810th-largest of 3,295 plans among Ohio employers on file, and the 3,439th of 11,654 in professional & technical services. In 2024, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,064,802
Participants with balances180
Active participants167
Employer contributions$892,280
Employee contributions$2,714,781
Employer contribution per active participant$5,343
Average account balance$211,471
Benefits paid to participants$977,445
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.1M · 180 accts · $892K emplr
2023$29.8M · 176 accts · $858K emplr
2022$22.3M · 168 accts · $808K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,540
Total administrative$30,540
The The Finit Group LLC 401(k) match · 2024
Employer contribution per active participant$5,343
Median for plans this size$2,416
2024$5,343 per active participant
2023$5,263 per active participant
2022$5,181 per active participant

The Finit Group LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,540

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

Administrative cost history3
2024$30,540 · 0.09%
2023$1,858 · 0.01%
2022$1,965 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Ohio
Barnes, Dennig & Co., LTD. OH$39.3M · 0.62%
Terillium, Inc. OH$38.9M · 0.10%
Jedson Engineering, Inc. OH$38.9M · 0.16%
Heapy Engineering OH$38.2M · 0.52%
Ascendum Solutions, LLC OH$37.9M · 0.43%
Arctos, LLC OH$37.2M · 0.31%
Manley Deas & Kochalski LLC OH$37.0M · 0.03%
H-P Products, Inc. OH$36.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043721437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.