Plan Ledger DOL Form 5500 · updated monthly

Fusion Technology LLC401(k)

FUSION TECHNOLOGY LLC 401(K) PLAN · BRIDGEPORT, WV · plan year 2022

Reported admin expense ratio · 2022
0.92%

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

Fusion Technology LLC reported $37,394 in plan administrative expenses for 2022: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,511 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in West Virginia (208th of 265), and 10,235th of 11,654 in professional & technical services. In 2022, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,836,175
Participants with balances92
Active participants98
Employer contributions$344,103
Employee contributions$453,107
Employer contribution per active participant$3,511
Average account balance$41,698
Benefits paid to participants$414,604
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$36,144
Professional / advisory$1,250
Total administrative$37,394
The Fusion Technology LLC 401(k) match · 2022
Employer contribution per active participant$3,511
Median for plans this size$1,114

Fusion Technology LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$37,394 · 0.92%
Same employer
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Afl-Cio Appalachian Council WV$10.6M · 1.41%
Maveris, LLC WV$9.3M · 0.09%
Mull Group, Inc. WV$7.3M · 0.15%
Focus Delivery Now, LLC WV$268K · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208487334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.