Plan Ledger DOL Form 5500 · updated monthly

Freealliance.com LLC401(k)

FREEALLIANCE.COM LLC 401(K) PROFIT SHARING PLAN & TRUST · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Freealliance.com LLC reported $31,155 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $630 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 3 years on file its reported administrative ratio has held roughly steady near 0.76%. 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 (1,813th of 2,266), and 9,723rd of 11,654 in professional & technical services. In 2024, employees put in $5.35 for every $1.00 the employer contributed; active participation has grown from 179 to 413 since 2022.

Plan summary
Net assets, end of year$5,193,683
Participants with balances278
Active participants413
Employer contributions$260,007
Employee contributions$1,390,459
Employer contribution per active participant$630
Average account balance$18,682
Benefits paid to participants$427,706
Plan auditUnmodified (clean) audit opinion
AuditorVG CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 278 accts · $260K emplr
2023$3.0M · 359 accts · $176K emplr
2022$1.9M · 312 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,155
Total administrative$31,155
The Freealliance.com LLC 401(k) match · 2024
Employer contribution per active participant$630
Median for plans this size$1,313
2024$630 per active participant
2023$582 per active participant
2022$1,521 per active participant

Freealliance.com LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$31,154
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$31,155 · 0.76%
2023$20,551 · 0.82%
2022$13,430 · 0.78%
Similar plansProfessional & Technical Services · Virginia
Learning Pool Inc VA$5.2M · 0.08%
Digitalspec, LLC VA$5.2M · 0.32%
Apogee Solutions, Inc. VA$5.2M · 0.89%
Tekmasters LLC VA$5.2M · 0.50%
Ennoble First, Inc. VA$5.1M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522319860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.