Plan Ledger DOL Form 5500 · updated monthly

I.C. Thomasson Associates, Inc.401(k)

I.C. THOMASSON ASSOCIATES, INC. 401(K) RETIREMENT PLAN · NASHVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

I.C. Thomasson Associates, Inc. reported $84,877 in plan administrative expenses for 2023: 0.21% of average plan assets, below the peer median. Employer contributions averaged $4,273 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 fell from 0.23% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 313th-largest of 1,496 plans among Tennessee employers on file, and the 3,097th of 11,654 in professional & technical services. In 2023, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 216 to 252 since 2022.

Plan summary
Net assets, end of year$43,364,718
Participants with balances282
Active participants252
Employer contributions$1,076,813
Employee contributions$1,738,129
Employer contribution per active participant$4,273
Average account balance$153,776
Benefits paid to participants$3,321,900
Plan auditUnmodified (clean) audit opinion
AuditorKRAFTCPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $647K emplr
2023$43.4M · 282 accts · $1.1M emplr
2022$37.1M · 259 accts · $991K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,098
Investment management$25,329
Audit (IQPA)$11,450
Total administrative$84,877
The I.C. Thomasson Associates, Inc. 401(k) match · 2023
Employer contribution per active participant$4,273
Median for plans this size$2,440
2023$4,273 per active participant
2022$4,587 per active participant

I.C. Thomasson Associates, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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.

Service providers · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,148
M HOLDINGS SECURITIES INC · Investment advisory (plan)$18,294
KRAFT CPAS · Accounting / audit$11,450
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,035

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

Administrative cost history3
2024Not separately reported
2023$84,877 · 0.21%
2022$92,469 · 0.23%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Lewis Thomason, P.C. TN$52.9M · 0.26%
Keylogic Technologies Corp. TN$48.5M · 0.29%
Rpbls Holdings, LLC TN$44.7M · 0.13%
Pya, P.C. TN$40.0M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620721262 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.