Plan Ledger DOL Form 5500 · updated monthly

The Spyglass Group, LLC401(k)

THE SPYGLASS GROUP, LLC 401(K) PLAN · WESTLAKE, OH · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

The Spyglass Group, LLC reported $69,520 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $808 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 0.83% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Ohio (2,162nd of 3,295), and 8,565th of 11,654 in professional & technical services. In 2024, employees put in $8.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,320,869
Participants with balances150
Active participants84
Employer contributions$67,882
Employee contributions$606,245
Employer contribution per active participant$808
Average account balance$55,472
Benefits paid to participants$519,542
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 150 accts · $68K emplr
2023$7.2M · 142 accts · $70K emplr
2022$5.9M · 143 accts · $74K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,914
Investment management$31,606
Total administrative$69,520
The The Spyglass Group, LLC 401(k) match · 2024
Employer contribution per active participant$808
Median for plans this size$1,313
2024$808 per active participant
2023$797 per active participant
2022$807 per active participant

The Spyglass Group, LLC'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 · 20241
JOHN HANCOCK USA · Recordkeeping · Investment management$1,196

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$69,520 · 0.89%
2023$58,527 · 0.89%
2022$52,694 · 0.83%
Similar plansProfessional & Technical Services · Ohio
Tsy Enterprises Inc OH$8.7M · 0.90%
Paymax Services, Inc. OH$8.6M · 0.30%
Xariable, Inc. OH$8.4M · 0.25%
Humanit Solutions, LLC OH$8.3M · 0.36%
Revision Collective Inc. OH$8.2M · 0.63%
Amend Consulting LLC OH$8.2M · 0.73%
Viaquest OH$8.2M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461520213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.