Plan Ledger DOL Form 5500 · updated monthly

Trc Payroll, I, LLC401(k)

TRC PAYROLL, I, LLC 401(K) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Trc Payroll, I, LLC reported $59,826 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,381 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 0.29% to 0.27%. 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 1,403rd-largest of 3,651 plans among Pennsylvania employers on file, and 2,799th of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,360,006
Participants with balances119
Active participants91
Employer contributions$489,628
Employee contributions$908,264
Employer contribution per active participant$5,381
Average account balance$196,303
Benefits paid to participants$3,121,544
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 119 accts · $490K emplr
2023$21.7M · 134 accts · $486K emplr
2022$17.2M · 141 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,826
Total administrative$59,826
The Trc Payroll, I, LLC 401(k) match · 2024
Employer contribution per active participant$5,381
Median for plans this size$2,416
2024$5,381 per active participant
2023$4,957 per active participant
2022$4,974 per active participant

Trc Payroll, I, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,826
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect 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$59,826 · 0.27%
2023$57,555 · 0.30%
2022$55,019 · 0.29%
Similar plansFinance & Insurance · Pennsylvania
Harleysville Bank PA$24.9M · 0.11%
Kish Bank PA$23.8M · 0.18%
Essa Bank & Trust PA$23.1M · 0.34%
Llr Management, LP PA$23.1M · 0.37%
The Dime Bank PA$23.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232939171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.