Plan Ledger DOL Form 5500 · updated monthly

Markon, LLC401(k)

MARKON, LLC 401(K) PLAN · FALLS CHURCH, VA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Markon, LLC reported $161,658 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $5,355 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 0.09% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 558th-largest of 2,266 plans among Virginia employers on file, and the 349th of 2,534 in administrative & support services. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,315,264
Participants with balances353
Active participants318
Employer contributions$1,702,914
Employee contributions$3,770,243
Employer contribution per active participant$5,355
Average account balance$119,873
Benefits paid to participants$5,604,070
Plan auditUnmodified (clean) audit opinion
AuditorTHOMPSON GREENSPON
Plan history2
Yearassets · accounts · employer contribution
2024$42.3M · 353 accts · $1.7M emplr
2023$36.8M · 326 accts · $528K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,073
Investment management$59,585
Total administrative$161,658
The Markon, LLC 401(k) match · 2024
Employer contribution per active participant$5,355
Median for plans this size$2,416
2024$5,355 per active participant
2023$1,829 per active participant

Markon, LLC's 2024 employer contribution ran above the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$102,073
SEIA LLC · Recordkeeping · Trustee$59,585
CHARLES SCHWAB INVESTMENT MGMT INC. · Securities brokerage$50

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

Recordkeeper by year2
2024ADP, SEIA LLC
2023ADP, SEIA LLC

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Administrative cost history2
2024$161,658 · 0.41%
2023$31,358 · 0.09%
All plans at this employer2
MARKON, LLC RETIREMENT PLAN401(k)
MARKON, LLC 401(K) PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 260600919 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.