Plan Ledger DOL Form 5500 · updated monthly

Buchanan & Edwards, Inc.401(k)

BUCHANAN & EDWARDS 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Buchanan & Edwards, Inc. reported $125,615 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,667 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 fell from 0.50% to 0.44%. 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 the 725th-largest of 2,266 plans among Virginia employers on file, and the 4,114th of 11,654 in professional & technical services. In 2024, employees put in $4.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,536,677
Participants with balances274
Active participants203
Employer contributions$338,453
Employee contributions$1,619,573
Employer contribution per active participant$1,667
Average account balance$111,448
Benefits paid to participants$1,618,566
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.5M · 274 accts · $338K emplr
2023$26.7M · 282 accts · $346K emplr
2022$23.9M · 289 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,454
Investment management$50,736
Audit (IQPA)$19,425
Total administrative$125,615
The Buchanan & Edwards, Inc. 401(k) match · 2024
Employer contribution per active participant$1,667
Median for plans this size$2,416
2024$1,667 per active participant
2023$1,860 per active participant
2022$1,698 per active participant

Buchanan & Edwards, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$55,454
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$50,736
APRIO LLP · Accounting / audit$19,425

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$125,615 · 0.44%
2023$125,731 · 0.50%
2022$127,457 · 0.50%
Same employer
Similar plansProfessional & Technical Services · Virginia
Ridgeline International VA$31.1M · 0.27%
Metrostar Systems, LLC VA$30.9M · 0.44%
Kudu Dynamics VA$30.6M · 0.20%
Tekla Research, Inc. VA$30.4M · 0.42%
Cexec, Inc. VA$30.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522046626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.