Plan Ledger DOL Form 5500 · updated monthly

Turf Masters Lawncare, Inc.401(k)

TURF MASTERS LAWNCARE 401(K) PLAN · ROSWELL, GA · plan year 2023

Reported admin expense ratio · 2023
1.28%

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

Turf Masters Lawncare, Inc. reported $22,923 in plan administrative expenses for 2023: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $759 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 1 year on file its reported administrative ratio rose from 0.76% to 1.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Georgia (1,932nd of 2,160), and 1,919th of 2,534 in administrative & support services. In 2023, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,105,336
Participants with balances125
Active participants264
Employer contributions$200,270
Employee contributions$322,932
Employer contribution per active participant$759
Average account balance$16,843
Benefits paid to participants$136,241
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.1M · 125 accts · $200K emplr
2022$1.5M · 120 accts · $193K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,923
Total administrative$22,923
The Turf Masters Lawncare, Inc. 401(k) match · 2023
Employer contribution per active participant$759
Median for plans this size$1,308
2023$759 per active participant
2022$612 per active participant

Turf Masters Lawncare, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ONEDIGITAL INVESTMENT ADVISORSindirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)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 history2
2023$22,923 · 1.28%
2022$11,254 · 0.76%
Same employer
Similar plansAdministrative & Support Services · Georgia
Hodges Management Company GA$3.1M · 0.13%
Caduceus Healthcare, Inc. GA$2.8M · 1.61%
Alln 1 Security Services GA$1.9M · 0.62%
Ask Staffing Inc GA$1.8M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743058849 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.