Plan Ledger DOL Form 5500 · updated monthly

Global Exchange Connection LLC401(k)

GLOBAL EXCHANGE CONNECTION LLC 401(K) PROFIT SHARING PLAN & TRUST · MANASSAS, VA · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Global Exchange Connection LLC reported $2,137 in plan administrative expenses for 2023: 0.25% of average plan assets, lower than ~75% of peers. Employer contributions averaged $192 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 1 year on file its reported administrative ratio rose from 0.05% to 0.25%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (2,173rd of 2,266), and 5,109th of 5,337 in construction. In 2023, employees put in $4.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,000,364
Participants with balances54
Active participants87
Employer contributions$16,694
Employee contributions$82,653
Employer contribution per active participant$192
Average account balance$18,525
Benefits paid to participants$29,733
Plan auditUnmodified (clean) audit opinion
AuditorKOSITZKA, WICKS AND COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$1.0M · 54 accts · $17K emplr
2022$697K · 130 accts · $14K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,136
Investment management$213
Trustee / custodial$788
Total administrative$2,137
The Global Exchange Connection LLC 401(k) match · 2023
Employer contribution per active participant$192
Median for plans this size$522
2023$192 per active participant
2022$148 per active participant

Global Exchange Connection LLC's 2023 employer contribution ran below the $522 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$2,137 · 0.25%
2022$402 · 0.05%
Similar plansConstruction · Virginia
Wcc Cable, Inc. VA$1.4M · 1.05%
Procon, Inc. VA$1.2M · 0.04%
Shoosmith Bros. , Inc. VA$1.0M · 0.04%
Via Satellite, Inc. VA$948K · 1.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205486326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.