Plan Ledger DOL Form 5500 · updated monthly

Ultrasource LLC401(k)

ULTRASOURCE LLC RETIREMENT PLAN · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Ultrasource LLC reported $61,176 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,982 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 0.74% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Missouri (740th of 1,393), and 7,548th of 13,661 in manufacturing. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has shrunk from 161 to 125 since 2022.

Plan summary
Net assets, end of year$13,541,374
Participants with balances174
Active participants125
Employer contributions$247,810
Employee contributions$651,913
Employer contribution per active participant$1,982
Average account balance$77,824
Benefits paid to participants$1,135,730
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 174 accts · $248K emplr
2023$12.4M · 207 accts · $292K emplr
2022$13.0M · 221 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,674
Investment management$19,452
Audit (IQPA)$13,050
Total administrative$61,176
The Ultrasource LLC 401(k) match · 2024
Employer contribution per active participant$1,982
Median for plans this size$2,416
2024$1,982 per active participant
2023$1,883 per active participant
2022$1,805 per active participant

Ultrasource LLC's 2024 employer contribution ran below 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
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$28,674
UBS FINANCIAL SERVICES INC. · Investment advisory (plan)$19,452
PICKETT, CHANEY AND MCMULLEN LLP · Accounting / audit$13,050

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$61,176 · 0.47%
2023$61,687 · 0.49%
2022$105,473 · 0.74%
Same employer
Similar plansManufacturing · Missouri
Steelville Manufacturing Co MO$13.9M · 0.43%
Handi-Craft Company MO$13.8M · 0.26%
Coin Acceptors, Inc. MO$13.5M · 0.03%
Trinity Metal Products LLC MO$13.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431906745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.