# Genesis Administrative Services LLC 401(k) Plan
Source: https://planprovider.pro/companies/genesis-administrative-services-llc-401k-plan-007

> Genesis Administrative Services LLC&#39;s 401(k) plan: 14,565 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Genesis Administrative Services LLC

- **Sponsor EIN:** 300847166

- **Sponsor Address:** 101 EAST STATE STREET, KENNETT SQUARE, PA, 19348

- **Plan Type:** 401(k)

- **Total Participants:** 14,565

- **Total Assets:** $85.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|14,565|$85.5M|$99,033|$4.8M|

| 2023|14,251|$84.9M|$133,416|$6.5M|

| 2022|3,469|$101.9M|$148,124|$10.4M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| EISNERAMPER LLP|Auditor|$22,051|—|$22,051|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EISNERAMPER LLP](https://planprovider.pro/provider/eisneramper-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $22,051

- **Estimated Expense Ratio:** 0.026% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$120,481|$56,250|—|$22,051|—|

| 2023|$200,887|$60,000|$116,225|$21,262|—|

| 2022|$314,448|$75,000|$117,467|—|$56,050|

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