Plan Ledger DOL Form 5500 · updated monthly

Apogee Solutions, Inc.401(k)

APOGEE 401(K) PLAN · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Apogee Solutions, Inc. reported $38,507 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,666 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 rose from 0.81% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,816th of 2,266), and 9,734th of 11,654 in professional & technical services. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,161,274
Participants with balances136
Active participants136
Employer contributions$362,528
Employee contributions$399,554
Employer contribution per active participant$2,666
Average account balance$37,951
Benefits paid to participants$214,033
Plan auditUnmodified (clean) audit opinion
AuditorCORBIN & COMPANY
Plan history2
Yearassets · accounts · employer contribution
2024$5.2M · 136 accts · $363K emplr
2023$3.5M · 147 accts · $317K emplr
Administrative expenses, itemized · 2024
Investment management$38,507
Total administrative$38,507
The Apogee Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,666
Median for plans this size$1,313
2024$2,666 per active participant
2023$2,709 per active participant

Apogee Solutions, Inc.'s 2024 employer contribution ran above the $1,313 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$15,315
EMPOWER ADVISORY GROUP, LLC · Investment management$6,042
BARNES TPA & ASSOCIATES, LLC · Contract administrator$2,310

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$38,507 · 0.89%
2023$24,253 · 0.81%
Similar plansProfessional & Technical Services · Virginia
Learning Pool Inc VA$5.2M · 0.08%
Freealliance.com LLC VA$5.2M · 0.76%
Digitalspec, LLC VA$5.2M · 0.32%
Tekmasters LLC VA$5.2M · 0.50%
Ennoble First, Inc. VA$5.1M · 0.79%
Intellectechs, Inc. VA$5.1M · 1.41%
Pgtek Inc. VA$5.1M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542074565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.