Plan Ledger DOL Form 5500 · updated monthly

Controltek, Inc.401(k)

CONTROLTEK 401(K) PROFIT SHARING PLAN · VANCOUVER, WA · plan year 2023

Reported admin expense ratio · 2023
0.85%

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

Controltek, Inc. reported $70,943 in plan administrative expenses for 2023: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,894 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 1 year on file its reported administrative ratio rose from 0.78% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,120th of 1,714), and 9,197th of 13,661 in manufacturing. In 2023, employees put in $2.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,069,118
Participants with balances122
Active participants100
Employer contributions$189,429
Employee contributions$564,833
Employer contribution per active participant$1,894
Average account balance$74,337
Benefits paid to participants$404,551
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $41K emplr
2023$9.1M · 122 accts · $189K emplr
2022$7.5M · 123 accts · $304K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$68,193
Total administrative$70,943
The Controltek, Inc. 401(k) match · 2023
Employer contribution per active participant$1,894
Median for plans this size$1,308
2023$1,894 per active participant
2022$3,337 per active participant

Controltek, 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 · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$196

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$70,943 · 0.85%
2022$64,481 · 0.78%
Same employer
Similar plansManufacturing · Washington
Loud Audio, LLC WA$9.2M · 0.63%
Blaser Die Casting Co. WA$9.1M · 0.50%
Cdr Manufacturing, LLC WA$9.0M · 0.63%
National Products, Inc. WA$8.6M · 0.90%
Asko Processing, Inc. WA$8.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930600424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.