Plan Ledger DOL Form 5500 · updated monthly

Freedom Technology Solutions Group,Llc401(k)

FREEDOM CONSULTING GROUP, LLC 401(K) PROFIT SHARING PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Freedom Technology Solutions Group,Llc reported $84,948 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $12,370 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 rose from 0.25% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 482nd-largest of 1,671 plans among Maryland employers on file, and the 808th of 2,199 in information & media. In 2024, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,804,737
Participants with balances218
Active participants153
Employer contributions$1,892,644
Employee contributions$2,228,307
Employer contribution per active participant$12,370
Average account balance$132,132
Benefits paid to participants$4,268,756
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.8M · 218 accts · $1.9M emplr
2023$24.6M · 212 accts · $1.7M emplr
2022$20.9M · 213 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Investment management$84,948
Total administrative$84,948
The Freedom Technology Solutions Group,Llc 401(k) match · 2024
Employer contribution per active participant$12,370
Median for plans this size$2,416
2024$12,370 per active participant
2023$10,296 per active participant
2022$9,373 per active participant

Freedom Technology Solutions Group,Llc's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK RET PLAN SERVICES · Recordkeeping$30,990
NFP RETIREMENT INC.$43,534
MILLENIUM INVESTMENT & RETIREMENT A$2,561

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$84,948 · 0.32%
2023$69,580 · 0.31%
2022$56,830 · 0.25%
Same employer
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Vectorworks, Inc. MD$46.7M · 0.25%
Recorded Books, Inc. MD$30.9M · 0.31%
Datalab USA, LLC MD$30.7M · 0.06%
Iq Solutions, Inc. MD$27.2M · 0.51%
Ionq, Inc. MD$24.8M · 0.09%
One Call Concepts, Inc. MD$24.3M · 0.12%
Ancile Solutions, Inc. MD$23.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201679732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.