Plan Ledger DOL Form 5500 · updated monthly

Genesis Engineers, Inc.401(k)

GENESIS ENGINEERS, INC. 401(K) RETIREMENT SAVINGS PLAN · BLUE BELL, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Genesis Engineers, Inc. reported $15,721 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,553 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 fell from 0.07% to 0.04%. 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 842nd-largest of 3,651 plans among Pennsylvania employers on file, and the 2,925th of 11,654 in professional & technical services. In 2024, employees put in $3.68 for every $1.00 the employer contributed; active participation has shrunk from 339 to 257 since 2022.

Plan summary
Net assets, end of year$46,383,036
Participants with balances297
Active participants257
Employer contributions$913,144
Employee contributions$3,361,056
Employer contribution per active participant$3,553
Average account balance$156,172
Benefits paid to participants$3,591,913
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.4M · 297 accts · $913K emplr
2023$38.9M · 341 accts · $1.1M emplr
2022$31.0M · 370 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,750
Investment management$4,971
Total administrative$15,721
The Genesis Engineers, Inc. 401(k) match · 2024
Employer contribution per active participant$3,553
Median for plans this size$2,416
2024$3,553 per active participant
2023$3,559 per active participant
2022$3,288 per active participant

Genesis Engineers, Inc.'s 2024 employer contribution ran above 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 · 20241
KT ADMINISTRATORS, LLC · Recordkeeping · Pension consulting$10,750

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

Recordkeeper by year2
2024KT ADMINISTRATORS, LLC
2023KT ADMINISTRATORS, LLC

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

Administrative cost history3
2024$15,721 · 0.04%
2023$23,826 · 0.07%
2022$21,619 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Sv-Dvf Holdings, LLC PA$48.1M · 0.32%
Thomas, Thomas & Hafer, LLP PA$46.3M · 0.07%
Vertical Screen, Inc. PA$46.0M · 0.04%
Accuweather, Inc. PA$45.9M · 0.20%
The Gateway Engineers, Inc PA$45.7M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 232883723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.