Plan Ledger DOL Form 5500 · updated monthly

Future Technologies, Inc.401(k)

FUTURE TECHNOLOGIES, INC. 401(K) RETIREMENT SAVINGS PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Future Technologies, Inc. reported $65,879 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,316 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 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,094th-largest of 2,266 plans among Virginia employers on file, and 6,135th of 11,654 in professional & technical services. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 220 to 248 since 2022.

Plan summary
Net assets, end of year$17,016,046
Participants with balances299
Active participants248
Employer contributions$326,448
Employee contributions$1,162,143
Employer contribution per active participant$1,316
Average account balance$56,910
Benefits paid to participants$1,301,415
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 299 accts · $326K emplr
2023$14.6M · 274 accts · $290K emplr
2022$13.5M · 275 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,879
Total administrative$65,879
The Future Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,316
Median for plans this size$2,416
2024$1,316 per active participant
2023$1,287 per active participant
2022$1,341 per active participant

Future Technologies, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$7,843
EMPOWER ADVISORY GROUP, LLC · Investment management$4,999
ASCENSUS HOLDINGS INC DBA · Contract administratorindirect comp

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$65,879 · 0.42%
2023$47,184 · 0.34%
2022$61,462 · 0.41%
Same employer
Similar plansProfessional & Technical Services · Virginia
Bixal Solutions Inc. VA$17.2M · 0.47%
Metaphase Consulting, LLC VA$17.1M · 0.71%
Oddball, Inc. VA$17.0M · 0.48%
Spectrum Comm., Inc. VA$17.0M · 0.40%
Evans Incorporated VA$17.0M · 0.45%
Black Cape, Inc. VA$16.9M · 0.09%
Ascella Technologies Inc. VA$16.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541646962 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.