Plan Ledger DOL Form 5500 · updated monthly

Cortech, LLC401(k)

CORTECH, LLC 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
2.21%

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

Cortech, LLC reported $157,643 in plan administrative expenses for 2024: 2.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.92% to 2.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Georgia (1,433rd of 2,160), and the 1,205th of 2,534 in administrative & support services. active participation has shrunk from 26,225 to 3,655 since 2022.

Plan summary
Net assets, end of year$7,285,260
Participants with balances6,468
Active participants3,655
Employer contributions$0
Employee contributions$282,142
Employer contribution per active participant$0
Average account balance$1,126
Benefits paid to participants$657,782
Plan auditUnmodified (clean) audit opinion
AuditorSEAY & WEISSINGER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 6,468 accts
2023$7.0M · 6,704 accts
2022$6.9M · 5,995 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,643
Audit (IQPA)$10,000
Total administrative$157,643
The Cortech, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Cortech, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
TRANSAMERICA INSURANCE COMPANY · Recordkeeping · Loan processing$94,098
NOVA 401(K) ASSOCIATES LP · Recordkeeping · Loan processing$39,555
SEAY & WEISSINGER, LLC · Accounting / audit$10,000

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

Recordkeeper by year2
2024NOVA 401(K) ASSOCIATES LP, Transamerica
2023NOVA 401(K) ASSOCIATES LP, Transamerica

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

Administrative cost history3
2024$157,643 · 2.21%
2023$168,504 · 2.43%
2022$148,836 · 1.92%
Same employer
Similar plansAdministrative & Support Services · Georgia
Relatient, Inc. GA$8.3M · 1.28%
Synergis GA$7.8M · 0.91%
Sparus Holdings, LLC GA$5.8M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582449456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.