Plan Ledger DOL Form 5500 · updated monthly

Best Practice Associates, LLC401(k)

TRIA FEDERAL 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Best Practice Associates, LLC reported $133,993 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $5,363 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 has held roughly steady near 0.191%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 354th-largest of 2,266 plans among Virginia employers on file, and the 1,905th of 11,654 in professional & technical services. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$76,341,447
Participants with balances1,301
Active participants812
Employer contributions$4,354,548
Employee contributions$7,064,963
Employer contribution per active participant$5,363
Average account balance$58,679
Benefits paid to participants$10,589,212
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$76.3M · 1,301 accts · $4.4M emplr
2023$64.3M · 1,388 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,865
Investment management$59,053
Audit (IQPA)$25,075
Total administrative$133,993
The Best Practice Associates, LLC 401(k) match · 2024
Employer contribution per active participant$5,363
Median for plans this size$3,635
2024$5,363 per active participant
2023$4,856 per active participant

Best Practice Associates, LLC's 2024 employer contribution ran above the $3,635 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 · 20244
USI ADVISORS INC · Investment advisory (plan)$50,510
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$49,865
FORVIS MAZARS, LLP · Accounting / audit$25,075
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,543

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$133,993 · 0.19%
2023$70,526 · 0.19%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 861136238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.