Plan Ledger DOL Form 5500 · updated monthly

Excet, Inc.401(k)

EXCET, INC. 401(K) PLAN · LEXINGTON PARK, MD · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

Excet, Inc. reported $62,586 in plan administrative expenses for 2023: 0.33% of average plan assets, above the peer median. Employer contributions averaged $8,788 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 has held roughly steady near 0.33%. 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 634th-largest of 1,671 plans among Maryland employers on file, and the 5,365th of 11,654 in professional & technical services. In 2023, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 90 to 104 since 2022.

Plan summary
Net assets, end of year$21,028,804
Participants with balances142
Active participants104
Employer contributions$914,001
Employee contributions$1,024,027
Employer contribution per active participant$8,788
Average account balance$148,090
Benefits paid to participants$1,035,428
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $16K emplr
2023$21.0M · 142 accts · $914K emplr
2022$17.3M · 130 accts · $854K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,586
Total administrative$62,586
The Excet, Inc. 401(k) match · 2023
Employer contribution per active participant$8,788
Median for plans this size$2,440
2023$8,788 per active participant
2022$9,486 per active participant

Excet, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,136
DUNBAR BENDER & ZAPF INC · Contract administrator · Other services$1,450
KAILASA CAPITAL MANAGEMENT LLC · Investment advisory (plan)indirect 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
2024Not separately reported
2023$62,586 · 0.33%
2022$61,077 · 0.32%
Similar plansProfessional & Technical Services · Maryland
Lcg Inc. MD$21.3M · 0.16%
Pessin Katz Law, PA MD$21.2M · 0.41%
Fgs, LLC MD$21.1M · 0.49%
Encompass LLC MD$20.9M · 0.27%
Ops Consulting, LLC MD$20.3M · 0.45%
George, Miles & Buhr LLC MD$19.8M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202633996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.