Plan Ledger DOL Form 5500 · updated monthly

Alpha Q, Inc.401(k)

ALPHA Q, INC. 401(K) PLAN · COLCHESTER, CT · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Alpha Q, Inc. reported $16,569 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $876 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 0.15% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Connecticut (613th of 1,106), and the 6,818th of 13,661 in manufacturing. In 2023, employees put in $4.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,984,567
Participants with balances200
Active participants191
Employer contributions$167,315
Employee contributions$775,173
Employer contribution per active participant$876
Average account balance$79,923
Benefits paid to participants$1,554,370
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$16.0M · 200 accts · $167K emplr
2022$13.4M · 176 accts · $156K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,569
Total administrative$16,569
The Alpha Q, Inc. 401(k) match · 2023
Employer contribution per active participant$876
Median for plans this size$2,440
2023$876 per active participant
2022$879 per active participant

Alpha Q, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
JIM HALLINAN PENSION CONSULTING$9,075
CLIFTONLARSONALLEN, LLC$5,269
JIM HALLINAN PENSION CONSULTING · Other servicesindirect comp
WELLS FARGO ADVISORSindirect comp
THE RETIREMENT PLAN COMPANY LLC · Other servicesindirect 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$16,569 · 0.11%
2022$20,162 · 0.15%
Similar plansManufacturing · Connecticut
Arburg, Inc. CT$16.4M · 0.08%
Defibtech, LLC CT$16.0M · 0.47%
Centrix, Inc. CT$16.0M · 0.56%
Turbine Controls, Inc. CT$15.5M · 0.23%
Unger Enterprises, LLC CT$15.3M · 0.03%
The Nudyne Group CT$15.0M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061413276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.