Plan Ledger DOL Form 5500 · updated monthly

Empirical Technology, Inc.401(k)

401(K) AND PROFIT SHARING PLAN · DAKOTA DUNES, SD · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Empirical Technology, Inc. reported $120,981 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $3,437 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 0.24% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 21st-largest of 233 plans among South Dakota employers on file, and the 1,772nd of 11,654 in professional & technical services. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 1,029 to 1,238 since 2022.

Plan summary
Net assets, end of year$83,981,882
Participants with balances1,298
Active participants1,238
Employer contributions$4,254,698
Employee contributions$5,792,337
Employer contribution per active participant$3,437
Average account balance$64,701
Benefits paid to participants$4,475,899
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.0M · 1,298 accts · $4.3M emplr
2023$76.0M · 1,251 accts · $2.9M emplr
2022$63.1M · 1,141 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,661
Investment management$49,985
Audit (IQPA)$15,335
Total administrative$120,981
The Empirical Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$3,437
Median for plans this size$3,635
2024$3,437 per active participant
2023$2,425 per active participant
2022$2,178 per active participant

Empirical Technology, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
HAYS FINANCIAL GROUP · Consulting$49,985
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$44,526
FORVIS MAZARS · Accounting / audit$15,335

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$120,981 · 0.15%
2023$166,126 · 0.24%
2022$160,837 · 0.24%
Same employer
Similar plansProfessional & Technical Services · South Dakota
Clark Nexsen, Inc. VA$84.2M · 0.28%
Ampere Computing LLC CA$84.1M · 0.01%
Gearbox Software LLC TX$84.1M · 0.21%
Macrogenics MD$84.0M · 0.14%
Crosscountry Consulting LLC VA$83.8M · 0.17%
Gds Associates, Inc. GA$83.7M · 0.14%
Fev North America, Inc MI$83.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942740498 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.