Plan Ledger DOL Form 5500 · updated monthly

Geospace Technologies Corporation401(k)

GEOSPACE TECHNOLOGIES CORPORATION EMPLOYEES' 401(K) RETIREMENT PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Geospace Technologies Corporation reported $91,288 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,953 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 has held roughly steady near 0.147%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 869th-largest of 5,688 plans among Texas employers on file, and the 2,546th of 13,661 in manufacturing. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 396 to 470 since 2022.

Plan summary
Net assets, end of year$66,862,979
Participants with balances563
Active participants470
Employer contributions$1,387,801
Employee contributions$3,044,064
Employer contribution per active participant$2,953
Average account balance$118,762
Benefits paid to participants$3,796,329
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$66.9M · 563 accts · $1.4M emplr
2023$57.3M · 545 accts · $1.0M emplr
2022$50.1M · 504 accts · $945K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,288
Investment management$30,000
Total administrative$91,288
The Geospace Technologies Corporation 401(k) match · 2024
Employer contribution per active participant$2,953
Median for plans this size$3,635
2024$2,953 per active participant
2023$2,266 per active participant
2022$2,386 per active participant

Geospace Technologies Corporation's 2024 employer contribution ran below the $3,635 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 · 20243
LPL FINANCIAL LLC · Investment advisory (plan)$25,000
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$5,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$91,288 · 0.15%
2023$83,135 · 0.15%
2022Not separately reported
Same employer
Similar plansManufacturing · Texas
Pembina US Corporation TX$68.3M · 0.09%
Valtir, LLC TX$68.2M · 0.18%
Ticom Geomatics, Inc. TX$67.2M · 0.09%
Tokai Carbon Cb LTD. TX$66.3M · 0.15%
Vopak North America Inc. TX$65.6M · 0.14%
Tymco, Inc. TX$64.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760447780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.