Plan Ledger DOL Form 5500 · updated monthly

First Information Technology Svc401(k)

FIRST INFORMATION TECHNOLOGY 401K PROFIT SHARING PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.55%

First Information Technology Svc reported $29,218 in plan administrative expenses for 2024: 0.55% of average plan assets, above 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 2 years on file its reported administrative ratio rose from 0.40% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,779th of 2,266), and 9,607th of 11,654 in professional & technical services. active participation has shrunk from 96 to 79 since 2022.

Plan summary
Net assets, end of year$5,488,400
Participants with balances79
Active participants79
Employer contributions—
Employee contributions$659,406
Employer contribution per active participant—
Average account balance$69,473
Benefits paid to participants$800,121
Plan auditUnmodified (clean) audit opinion
AuditorHOWSER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 79 accts
2023$5.1M · 124 accts
2022$3.8M · 142 accts · $190K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,323
Investment management$13,895
Total administrative$29,218
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 · 20241
VESTWELL · Contract administrator · Investment advisory (plan)$15,323

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$29,218 · 0.55%
2023$8,496 · 0.19%
2022$15,461 · 0.40%
Similar plansProfessional & Technical Services · Virginia
Saliense Consulting, LLC VA$5.8M · 0.06%
Fitt Scientific, LLC VA$5.5M · 1.53%
Logistics Systems, Inc. VA$5.5M · 0.74%
Ces Consulting, LLC VA$5.5M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541949711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.