Plan Ledger DOL Form 5500 · updated monthly

The Reserves Network, Inc.401(k)

THE RESERVES NETWORK, INC. EMPLOYEES 401(K) PLAN · FAIRVIEW PARK, OH · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

The Reserves Network, Inc. reported $42,034 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,548 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 0.26% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Ohio (1,687th of 3,295), and the 826th of 2,534 in administrative & support services. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 227 to 266 since 2022.

Plan summary
Net assets, end of year$13,626,586
Participants with balances220
Active participants266
Employer contributions$677,881
Employee contributions$1,214,989
Employer contribution per active participant$2,548
Average account balance$61,939
Benefits paid to participants$2,150,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 220 accts · $678K emplr
2023$12.5M · 217 accts · $726K emplr
2022$10.1M · 208 accts · $504K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,034
Total administrative$42,034
The The Reserves Network, Inc. 401(k) match · 2024
Employer contribution per active participant$2,548
Median for plans this size$2,416
2024$2,548 per active participant
2023$2,690 per active participant
2022$2,222 per active participant

The Reserves Network, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,033
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)indirect comp

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$42,034 · 0.32%
2023$34,866 · 0.31%
2022$28,379 · 0.26%
Same employer
Similar plansAdministrative & Support Services · Ohio
Unifund Ccr, LLC OH$14.8M · 0.40%
Innosource, Inc. OH$13.2M · 0.13%
Fairwood Brands, LLC OH$12.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341711012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.