Plan Ledger DOL Form 5500 · updated monthly

Barnallen Technologies, Inc.401(k)

BARNALLEN TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN · ROCKVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Barnallen Technologies, Inc. reported $48,110 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $2,138 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 0.37% to 0.70%. 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 Maryland (1,171st of 1,671), and 9,169th of 11,654 in professional & technical services. In 2023, employees put in $1.12 for every $1.00 the employer contributed; active participation has shrunk from 192 to 156 since 2022.

Plan summary
Net assets, end of year$6,600,309
Participants with balances257
Active participants156
Employer contributions$333,591
Employee contributions$372,171
Employer contribution per active participant$2,138
Average account balance$25,682
Benefits paid to participants$799,947
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 225 accts · $334K emplr
2023$6.6M · 257 accts · $334K emplr
2022$5.8M · 284 accts · $467K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,110
Total administrative$48,110
The Barnallen Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$2,138
Median for plans this size$1,308
2024$2,421 per active participant
2023$2,138 per active participant
2022$2,433 per active participant

Barnallen Technologies, Inc.'s 2023 employer contribution ran above 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 · 20232
THE ROSE FINANCIAL GROUP, LLC · Recordkeeping$5,750
LINCOLN NATIONAL GROUP · Contract administrator$37,447

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

Recordkeeper by year2
2024THE ROSE FINANCIAL GROUP LLC
2023THE ROSE FINANCIAL GROUP, LLC

This plan has changed recordkeepers within these filings. If you left Barnallen Technologies, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,187 · 0.70%
2023$48,110 · 0.78%
2022$23,120 · 0.37%
Same employer
Similar plansProfessional & Technical Services · Maryland
Oconnell & Lawrence, Inc. MD$6.9M · 0.20%
1 Source Consulting, Inc. MD$6.9M · 0.96%
Highrise Consulting, Inc MD$6.3M · 0.30%
A Square Group MD$6.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264243377 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.