Plan Ledger DOL Form 5500 · updated monthly

Allen Corporation of America, Inc.401(k)

ALLEN CORPORATION OF AMERICA, INC. 401(K) PLAN · FAIRFAX, VA · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Allen Corporation of America, Inc. reported $40,610 in plan administrative expenses for 2023: 0.57% of average plan assets, above the peer median. Employer contributions averaged $665 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 fell from 0.63% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,629th of 2,266), and 8,857th of 11,654 in professional & technical services. In 2023, employees put in $4.94 for every $1.00 the employer contributed; active participation has grown from 130 to 153 since 2022.

Plan summary
Net assets, end of year$7,534,242
Participants with balances207
Active participants153
Employer contributions$101,801
Employee contributions$503,099
Employer contribution per active participant$665
Average account balance$36,397
Benefits paid to participants$744,722
Plan auditQualified audit opinion
AuditorCHERRY BEKAERT CPAS & ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$7.5M · 207 accts · $102K emplr
2022$6.7M · 184 accts · $99K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,610
Total administrative$40,610
The Allen Corporation of America, Inc. 401(k) match · 2023
Employer contribution per active participant$665
Median for plans this size$1,308
2023$665 per active participant
2022$758 per active participant

Allen Corporation of America, 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,610
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
CREATIVE PLANNING, LLC · 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 history3
2024Not separately reported
2023$40,610 · 0.57%
2022$50,866 · 0.63%
Same employer
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Phoenix Oversight Group VA$7.6M · 0.78%
Tech Tech, LLC VA$7.5M · 1.06%
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Source: U.S. Department of Labor, Form 5500 series, EIN 541582648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.