Plan Ledger DOL Form 5500 · updated monthly

Intellectechs, Inc.401(k)

INTELLECTECHS - SCA-TX 401(K) PROFIT SHARING PLAN · VIRGINIA BEACH, VA · plan year 2024

Reported admin expense ratio · 2024
1.41%

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

Intellectechs, Inc. reported $68,481 in plan administrative expenses for 2024: 1.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,054 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 2.40% to 1.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,821st of 2,266), and 9,757th of 11,654 in professional & technical services. In 2024, the employer put in $3.16 for every $1.00 employees contributed themselves; active participation has grown from 114 to 158 since 2022.

Plan summary
Net assets, end of year$5,103,671
Participants with balances308
Active participants158
Employer contributions$640,593
Employee contributions$202,784
Employer contribution per active participant$4,054
Average account balance$16,570
Benefits paid to participants$1,011,808
Plan auditUnmodified (clean) audit opinion
AuditorWALL, EINHORN & CHERNITZER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 308 accts · $641K emplr
2023$4.6M · 256 accts · $836K emplr
2022$1.1M · 204 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,390
Total administrative$68,481
The Intellectechs, Inc. 401(k) match · 2024
Employer contribution per active participant$4,054
Median for plans this size$1,313
2024$4,054 per active participant
2023$5,807 per active participant
2022$4,067 per active participant

Intellectechs, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$2,610

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$68,481 · 1.41%
2023$56,850 · 1.97%
2022$27,801 · 2.40%
Same employer
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Digitalspec, LLC VA$5.2M · 0.32%
Apogee Solutions, Inc. VA$5.2M · 0.89%
Tekmasters LLC VA$5.2M · 0.50%
Ennoble First, Inc. VA$5.1M · 0.79%
Pgtek Inc. VA$5.1M · 0.89%
Fishbowl Inc. VA$5.1M · 0.66%
Fedwriters, Inc. VA$5.1M · 0.97%
Teleworld Solutions, Inc VA$5.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800296101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.