Plan Ledger DOL Form 5500 · updated monthly

Warady & Davis, LLP401(k)

WARADY & DAVIS, LLP PROFIT SHARING AND SAVINGS PLAN · DEERFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Warady & Davis, LLP reported $66,399 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $8,515 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 3 years on file its reported administrative ratio has held roughly steady near 0.098%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 702nd-largest of 3,702 plans among Illinois employers on file, and the 1,986th of 11,654 in professional & technical services. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$72,962,045
Participants with balances157
Active participants109
Employer contributions$928,090
Employee contributions$1,233,044
Employer contribution per active participant$8,515
Average account balance$464,726
Benefits paid to participants$2,049,913
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$73.0M · 157 accts · $928K emplr
2023$62.9M · 155 accts · $926K emplr
2022$52.7M · 145 accts · $829K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,376
Investment management$45,498
Audit (IQPA)$12,000
Total administrative$66,399
The Warady & Davis, LLP 401(k) match · 2024
Employer contribution per active participant$8,515
Median for plans this size$3,635
2024$8,515 per active participant
2023$8,576 per active participant
2022$7,750 per active participant

Warady & Davis, LLP's 2024 employer contribution ran above the $3,635 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 · 20244
LPL · Investment advisory (plan)$45,411
CORRIGAN KRAUSE · Contract administrator$12,000
FIRST AMERICAN BANK · Contract administrator$8,376
CAPITAL GROUP RETIREMENT PLAN SERVI$613

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$66,399 · 0.10%
2023$55,648 · 0.10%
2022$58,562 · 0.10%
Similar plansProfessional & Technical Services · Illinois
Ricondo & Associates, Inc. IL$74.1M · 0.17%
Abelson-Taylor, Inc. IL$73.8M · 0.17%
Heplerbroom, LLC IL$73.7M · 0.06%
Bswift LLC IL$73.0M · 0.27%
Baxter Healthcare S.A. IL$70.3M · 0.82%
Softchoice Corporation IL$68.3M · 0.25%
Numerator IL$67.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362170602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.