Plan Ledger DOL Form 5500 · updated monthly

Emagine IT, Inc.401(k)

EMAGINE IT INC 401(K) PROFIT SHARING PLAN & TRUST · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Emagine IT, Inc. reported $2,438 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,496 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 fell from 0.05% to 0.02%. 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 (1,244th of 2,266), and 6,871st of 11,654 in professional & technical services. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,828,488
Participants with balances180
Active participants111
Employer contributions$388,012
Employee contributions$900,534
Employer contribution per active participant$3,496
Average account balance$76,825
Benefits paid to participants$2,630,105
Plan auditUnmodified (clean) audit opinion
AuditorRYAN & WETMORE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 180 accts · $388K emplr
2023$13.3M · 187 accts · $393K emplr
2022$11.7M · 185 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,438
Total administrative$2,438
The Emagine IT, Inc. 401(k) match · 2024
Employer contribution per active participant$3,496
Median for plans this size$2,416
2024$3,496 per active participant
2023$3,540 per active participant
2022$4,416 per active participant

Emagine IT, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,438
CITIGROUP GLOBAL MARKETS INCindirect comp

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$2,438 · 0.02%
2023$2,494 · 0.02%
2022$6,554 · 0.05%
Same employer
Similar plansProfessional & Technical Services · Virginia
Verato Inc. VA$14.1M · 0.20%
Deque Systems Inc. VA$14.0M · 0.79%
Riva Solutions, Inc. VA$13.7M · 0.59%
Specter Ops, Inc. VA$13.7M · 0.08%
Tech Wizards VA$13.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820543598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.