Plan Ledger DOL Form 5500 · updated monthly

Converged Security Solutions, LLC401(k)

CONVERGED SECURITY SOLUTIONS, LLC 401K PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Converged Security Solutions, LLC reported $68,300 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,220 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 0.12% to 0.23%. 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 603rd-largest of 2,266 plans among Virginia employers on file, and the 3,388th of 11,654 in professional & technical services. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,822,358
Participants with balances449
Active participants480
Employer contributions$1,065,522
Employee contributions$3,742,921
Employer contribution per active participant$2,220
Average account balance$86,464
Benefits paid to participants$3,447,593
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history2
Yearassets · accounts · employer contribution
2024$38.8M · 449 accts · $1.1M emplr
2023$21.7M · 252 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,674
Investment management$62,626
Total administrative$68,300
The Converged Security Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$2,220
Median for plans this size$2,416
2024$2,220 per active participant
2023$478 per active participant

Converged Security Solutions, LLC'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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$62,626
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,674

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$68,300 · 0.23%
2023$25,507 · 0.12%
Same employer
Similar plansProfessional & Technical Services · Virginia
T-Solutions, Inc. VA$39.8M · 0.36%
Axiologic Solutions, LLC VA$39.1M · 0.31%
Expel, Inc. VA$38.9M · 0.68%
Perfect Sense Inc. VA$38.5M · 0.21%
Cape Fox Shared Services VA$37.8M · 0.45%
C2 Technologies, Inc. VA$37.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320575590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.