Plan Ledger DOL Form 5500 · updated monthly

Maxwell, Locke & Ritter, LLP401(k)

MAXWELL, LOCKE & RITTER, LLP 401(K) PROFIT SHARING PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Maxwell, Locke & Ritter, LLP reported $3,642 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,268 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 0.00% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 856th-largest of 5,688 plans among Texas employers on file, and the 2,102nd of 11,654 in professional & technical services. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,212,851
Participants with balances237
Active participants161
Employer contributions$1,653,117
Employee contributions$1,881,857
Employer contribution per active participant$10,268
Average account balance$287,818
Benefits paid to participants$2,806,592
Plan auditUnmodified (clean) audit opinion
AuditorROBINSON, GRIMES & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$68.2M · 237 accts · $1.7M emplr
2023$61.2M · 237 accts · $1.7M emplr
2022$50.9M · 220 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,642
Total administrative$3,642
The Maxwell, Locke & Ritter, LLP 401(k) match · 2024
Employer contribution per active participant$10,268
Median for plans this size$3,635
2024$10,268 per active participant
2023$8,788 per active participant
2022$9,480 per active participant

Maxwell, Locke & Ritter, LLP's 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$3,642 · 0.01%
2023$2,221 · 0.00%
2022$1,745 · 0.00%
Same employer
Similar plansProfessional & Technical Services · Texas
Aegis Aerospace, Inc. TX$71.8M · 0.03%
Bggmc, LLC TX$70.0M · 0.09%
Axens North America, Inc. TX$67.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742900215 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.