Plan Ledger DOL Form 5500 · updated monthly

Axseum, Inc.401(k)

AXSEUM, INC. 401(K) PROFIT SHARING PLAN & TRUST · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.54%

Axseum, Inc. reported $61,718 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. 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 0.50% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,371st of 2,266), and 7,582nd of 11,654 in professional & technical services. active participation has shrunk from 11 to 8 since 2022.

Plan summary
Net assets, end of year$11,367,123
Participants with balances102
Active participants8
Employer contributions—
Employee contributions$72,813
Employer contribution per active participant—
Average account balance$111,442
Benefits paid to participants$1,627,718
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 102 accts
2023$11.3M · 109 accts
2022$11.4M · 123 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,545
Investment management$33,473
Audit (IQPA)$14,700
Total administrative$61,718
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
SEIA LLC · Recordkeeping · Pension consulting$33,473
BKD, LLP · Recordkeeping · Pension consulting$14,700
ADP, INC. · Recordkeeping$13,545
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, BKD, LLP, SEIA LLC
2023ADP, BKD, LLP, SEIA LLC

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Administrative cost history3
2024$61,718 · 0.54%
2023$60,971 · 0.54%
2022$69,520 · 0.50%
Similar plansProfessional & Technical Services · Virginia
Prescient Edge Corporation VA$11.5M · 0.50%
Alphasix Corporation VA$11.4M · 0.16%
Divurgent LLC VA$11.4M · 0.75%
Knowledge Link Inc. VA$11.2M · 0.06%
Marks & Harrison, P.C. VA$11.2M · 0.56%
Dynamo Technologies LLC VA$11.2M · 0.66%
Centuria Corporation VA$11.2M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541564069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.