Plan Ledger DOL Form 5500 · updated monthly

Gen-Tech401(k)

GEN-TECH 401(K) PROFIT SHARING PLAN & TRUST · GLENDALE, AZ · plan year 2022

Reported admin expense ratio · 2022
0.45%

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

Gen-Tech reported $29,790 in plan administrative expenses for 2022: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,510 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 Arizona (802nd of 1,285), and 9,633rd of 11,654 in professional & technical services. In 2022, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,438,007
Participants with balances88
Active participants117
Employer contributions$176,654
Employee contributions$393,592
Employer contribution per active participant$1,510
Average account balance$61,796
Benefits paid to participants$1,479,701
Plan auditUnmodified (clean) audit opinion
AuditorEVERS ROBINSON LTD.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$15,417
Investment management$9,873
Professional / advisory$4,500
Total administrative$29,790
The Gen-Tech 401(k) match · 2022
Employer contribution per active participant$1,510
Median for plans this size$1,114

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

Administrative cost history1
2022$29,790 · 0.45%
Same employer
Similar plansProfessional & Technical Services · Arizona
Aspen Group, Inc. AZ$5.7M · 1.76%
Virtra, Inc. AZ$5.7M · 0.38%
Emergetech Inc. AZ$5.5M · 1.44%
Soaren Management LLC AZ$5.2M · 0.85%
Bird Acquisition, LLC AZ$5.2M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860659583 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.