Plan Ledger DOL Form 5500 · updated monthly

Craig Technical Consulting, Inc.401(k)

CRAIG TECHNOLOGIES, INC. 401(K) SAVINGS PLAN · MERRITT ISLAND, FL · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Craig Technical Consulting, Inc. reported $12,537 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,608 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 0.31% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,319th-largest of 3,644 plans among Florida employers on file, and 6,376th of 11,654 in professional & technical services. In 2023, employees put in $2.72 for every $1.00 the employer contributed; active participation has grown from 160 to 201 since 2022.

Plan summary
Net assets, end of year$15,874,314
Participants with balances267
Active participants201
Employer contributions$323,183
Employee contributions$878,650
Employer contribution per active participant$1,608
Average account balance$59,454
Benefits paid to participants$1,802,992
Plan auditUnmodified (clean) audit opinion
AuditorBERMAN HOPKINS WRIGHT & LAHAM CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 257 accts · $352K emplr
2023$15.9M · 267 accts · $323K emplr
2022$14.3M · 288 accts · $45K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,537
Total administrative$12,537
The Craig Technical Consulting, Inc. 401(k) match · 2023
Employer contribution per active participant$1,608
Median for plans this size$2,440
2024$1,806 per active participant
2023$1,608 per active participant
2022$283 per active participant

Craig Technical Consulting, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20233
ADP, INC. · Loan processing · Recordkeeping$12,536
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, CRAIG TECHNICAL CONSULTING, INC
2023ADP

This plan has changed recordkeepers within these filings. If you left Craig Technical Consulting, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$62,800 · 0.40%
2023$12,537 · 0.08%
2022$51,577 · 0.31%
Same employer
Similar plansProfessional & Technical Services · Florida
Shl Pharma, LLC FL$15.9M · 0.53%
Boats Group, LLC FL$15.7M · 0.32%
Tierra, Inc. FL$15.5M · 0.26%
The Wilkes Firm, P.A. FL$15.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541935688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.