Plan Ledger DOL Form 5500 · updated monthly

Etek IT Services Inc.401(k)

ETEK IT SERVICES, INC · SCHAUMBURG, IL · plan year 2023

Reported admin expense ratio · 2023
1.00%

Etek IT Services Inc. reported $3,412 in plan administrative expenses for 2023: 1.00% of average plan assets, below the peer median. 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 0.40% to 1.00%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (3,575th of 3,702), and 11,455th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$417,427
Participants with balances96
Active participants136
Employer contributions—
Employee contributions$130,955
Employer contribution per active participant—
Average account balance$4,348
Benefits paid to participants$50,360
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD
Plan history2
Yearassets · accounts · employer contribution
2023$417K · 96 accts
2022$266K · 118 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,412
Total administrative$3,412
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$3,412
ADP BROKER-DEALER · Other servicesindirect comp
AMERIPIRSE FINANCIAL · Other servicesindirect comp

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

Administrative cost history2
2023$3,412 · 1.00%
2022$1,015 · 0.40%
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Source: U.S. Department of Labor, Form 5500 series, EIN 331091601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.