Plan Ledger DOL Form 5500 · updated monthly

Joint Research and Development, LLC401(k)

JOINT RESEARCH AND DEVELOPMENT, LLC EMPLOYEES' RETIREMENT PLAN · STAFFORD, VA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Joint Research and Development, LLC reported $21,734 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,488 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 0.42% to 0.11%. 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 914th-largest of 2,266 plans among Virginia employers on file, and the 5,112th of 11,654 in professional & technical services. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has grown from 158 to 191 since 2022.

Plan summary
Net assets, end of year$22,657,829
Participants with balances248
Active participants191
Employer contributions$666,280
Employee contributions$1,588,227
Employer contribution per active participant$3,488
Average account balance$91,362
Benefits paid to participants$1,418,174
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 248 accts · $666K emplr
2023$15.5M · 225 accts · $649K emplr
2022$12.3M · 233 accts · $610K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,734
Total administrative$21,734
The Joint Research and Development, LLC 401(k) match · 2024
Employer contribution per active participant$3,488
Median for plans this size$2,416
2024$3,488 per active participant
2023$4,327 per active participant
2022$3,860 per active participant

Joint Research and Development, LLC'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 · 20243
NATIONWIDE · Recordkeeping · Custodial$46,040
AB&D CO · Contract administrator · Recordkeeping$3,483
CARY STREET PARTNERS · Investment advisory (participants) · Investment advisory (plan)$18,000

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

Recordkeeper by year2
2024AB&D CO, Nationwide
2023AB&D CO, Nationwide

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Administrative cost history3
2024$21,734 · 0.11%
2023$60,710 · 0.44%
2022$54,198 · 0.42%
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Source: U.S. Department of Labor, Form 5500 series, EIN 421633797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.