Plan Ledger DOL Form 5500 · updated monthly

Mandex, Inc.401(k)

MANDEX, INC. 401(K) & PROFIT SHARING PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Mandex, Inc. reported $61,505 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,860 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 rose from 0.30% to 0.34%. 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 1,046th-largest of 2,266 plans among Virginia employers on file, and the 5,811th of 11,654 in professional & technical services. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has shrunk from 169 to 124 since 2022.

Plan summary
Net assets, end of year$18,559,393
Participants with balances185
Active participants124
Employer contributions$478,587
Employee contributions$689,607
Employer contribution per active participant$3,860
Average account balance$100,321
Benefits paid to participants$1,983,074
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 185 accts · $479K emplr
2023$17.3M · 196 accts · $605K emplr
2022$15.6M · 227 accts · $652K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,505
Total administrative$61,505
The Mandex, Inc. 401(k) match · 2024
Employer contribution per active participant$3,860
Median for plans this size$2,416
2024$3,860 per active participant
2023$4,840 per active participant
2022$3,857 per active participant

Mandex, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,505
CALIBRE CPA GROUP PLLC · Accounting / auditindirect comp
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect 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$61,505 · 0.34%
2023$58,232 · 0.35%
2022$51,401 · 0.30%
Same employer
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Veros Technologies, LLC VA$18.6M · 0.51%
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Celerity IT LLC VA$18.5M · 0.42%
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Source: U.S. Department of Labor, Form 5500 series, EIN 952902232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.