Plan Ledger DOL Form 5500 · updated monthly

Tis Insurance Services, Inc.401(k)

TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Tis Insurance Services, Inc. reported $103,746 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,056 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 0.46% 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 527th-largest of 1,496 plans among Tennessee employers on file, and 2,946th of 4,798 in finance & insurance. In 2024, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,337,785
Participants with balances115
Active participants90
Employer contributions$275,060
Employee contributions$630,454
Employer contribution per active participant$3,056
Average account balance$185,546
Benefits paid to participants$1,766,270
Plan auditUnmodified (clean) audit opinion
AuditorPUGH & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 115 accts · $275K emplr
2023$19.5M · 118 accts · $263K emplr
2022$18.0M · 121 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,591
Investment management$96,155
Total administrative$103,746
The Tis Insurance Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,056
Median for plans this size$2,416
2024$3,056 per active participant
2023$3,089 per active participant
2022$2,967 per active participant

Tis Insurance Services, 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 · 20243
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$20,836
TENNESSEE PENSION ADMINISTRATORS · Contract administrator$11,822
CAPITAL GROUP RETIREMENT PLAN SERVI$1,456

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$103,746 · 0.51%
2023$92,851 · 0.50%
2022$90,092 · 0.46%
Similar plansFinance & Insurance · Tennessee
Capstar Bank TN$21.9M · 0.07%
Evolve Bancorp Inc TN$21.5M · 0.72%
The Farmers Bank TN$20.7M · 0.34%
Brentwood Services, Inc TN$20.1M · 0.47%
Commercial Bancgroup, Inc. TN$20.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620426847 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.