Plan Ledger DOL Form 5500 · updated monthly

Fibertek, Inc.401(k)

FIBERTEK, INC. 401(K) PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Fibertek, Inc. reported $48,095 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,486 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 0.13% to 0.09%. 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 432nd-largest of 2,266 plans among Virginia employers on file, and the 2,395th of 11,654 in professional & technical services. In 2024, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 193 to 242 since 2022.

Plan summary
Net assets, end of year$59,566,044
Participants with balances341
Active participants242
Employer contributions$1,327,552
Employee contributions$3,409,191
Employer contribution per active participant$5,486
Average account balance$174,680
Benefits paid to participants$5,479,073
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$59.6M · 341 accts · $1.3M emplr
2023$51.9M · 294 accts · $1.1M emplr
2022$42.8M · 283 accts · $997K emplr
Administrative expenses, itemized · 2024
Investment management$77,125
Total administrative$48,095
The Fibertek, Inc. 401(k) match · 2024
Employer contribution per active participant$5,486
Median for plans this size$3,635
2024$5,486 per active participant
2023$5,583 per active participant
2022$5,166 per active participant

Fibertek, Inc.'s 2024 employer contribution ran above 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$77,125

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$48,095 · 0.09%
2023$47,360 · 0.10%
2022$63,048 · 0.13%
Same employer
Similar plansProfessional & Technical Services · Virginia
Teksynap Corporation VA$60.4M · 0.32%
N-Ask, Inc. VA$60.3M
Yount, Hyde & Barbour, P.C. VA$59.4M · 0.11%
Sciencelogic Inc. VA$58.8M · 0.25%
Simventions, Inc. VA$57.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541255705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.