Plan Ledger DOL Form 5500 · updated monthly

Ascend Technologies, LLC401(k)

ASCEND TECHNOLOGIES 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Ascend Technologies, LLC reported $67,731 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $2,028 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 2 years on file its reported administrative ratio rose from 0.52% to 0.74%. 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 Illinois (2,451st of 3,702), and 8,213th of 11,654 in professional & technical services. In 2024, employees put in $2.99 for every $1.00 the employer contributed; active participation has shrunk from 285 to 201 since 2022.

Plan summary
Net assets, end of year$9,308,860
Participants with balances198
Active participants201
Employer contributions$407,606
Employee contributions$1,217,728
Employer contribution per active participant$2,028
Average account balance$47,014
Benefits paid to participants$3,383,022
Plan auditUnmodified (clean) audit opinion
AuditorMOWERY & SCHOENFELD, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 198 accts · $408K emplr
2023$9.1M · 227 accts · $510K emplr
2022$6.8M · 229 accts · $565K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,731
Total administrative$67,731
The Ascend Technologies, LLC 401(k) match · 2024
Employer contribution per active participant$2,028
Median for plans this size$1,313
2024$2,028 per active participant
2023$1,975 per active participant
2022$1,984 per active participant

Ascend Technologies, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
THE BENEFIT ADVANTAGE, INC. · Contract administrator · Loan processing$5,600
EMPOWER ADVISORY GROUP, LLC · Investment management$2,201

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$67,731 · 0.74%
2023$59,976 · 0.75%
2022$37,648 · 0.52%
Same employer
Similar plansProfessional & Technical Services · Illinois
Bitwise, Inc. IL$9.8M · 0.26%
Creata (USA) Inc. IL$9.5M · 0.24%
Teamsnap, Inc. IL$9.4M · 0.27%
Sertifi IL$9.2M · 0.39%
Challenger Performance IL$9.1M · 0.32%
Built in, Inc. IL$9.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843811689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.