Plan Ledger DOL Form 5500 · updated monthly

Citizant, Inc.401(k)

CITIZANT, INC. 401(K) PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Citizant, Inc. reported $81,710 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,679 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 0.44% 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 (1,138th of 2,266), and 6,335th of 11,654 in professional & technical services. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,055,356
Participants with balances317
Active participants227
Employer contributions$608,238
Employee contributions$1,170,294
Employer contribution per active participant$2,679
Average account balance$50,648
Benefits paid to participants$1,690,856
Plan auditUnmodified (clean) audit opinion
AuditorBDO
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 317 accts · $608K emplr
2023$14.0M · 273 accts · $380K emplr
2022$12.0M · 278 accts · $336K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,938
Investment management$12,309
Total administrative$81,710
The Citizant, Inc. 401(k) match · 2024
Employer contribution per active participant$2,679
Median for plans this size$2,416
2024$2,679 per active participant
2023$1,802 per active participant
2022$1,487 per active participant

Citizant, Inc.'s 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,938
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$31,772

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$81,710 · 0.54%
2023$64,903 · 0.50%
2022$59,864 · 0.44%
Same employer
Similar plansProfessional & Technical Services · Virginia
Alpha Corporation VA$16.3M · 0.11%
Gordon US, LLC VA$16.3M · 0.42%
Twd Associates, Inc. VA$16.0M · 0.31%
Directviz Solutions LLC VA$15.9M · 0.58%
Hurt & Proffitt, Inc. VA$15.9M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541938481 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.