Plan Ledger DOL Form 5500 · updated monthly

Mdw Associates, LLC401(k)

MDW ASSOCIATES 401(K) PLAN · TYSONS, VA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Mdw Associates, LLC reported $90,433 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,352 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 0.46% to 0.53%. 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 1,035th-largest of 2,266 plans among Virginia employers on file, and the 5,768th of 11,654 in professional & technical services. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 131 to 228 since 2022.

Plan summary
Net assets, end of year$18,813,869
Participants with balances273
Active participants228
Employer contributions$764,242
Employee contributions$1,626,478
Employer contribution per active participant$3,352
Average account balance$68,915
Benefits paid to participants$1,491,393
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 273 accts · $764K emplr
2023$15.6M · 256 accts · $693K emplr
2022$10.2M · 150 accts · $454K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,196
Investment management$16,894
Total administrative$90,433
The Mdw Associates, LLC 401(k) match · 2024
Employer contribution per active participant$3,352
Median for plans this size$2,416
2024$3,352 per active participant
2023$3,240 per active participant
2022$3,467 per active participant

Mdw Associates, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,043
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$42,236
COMMONWEALTH TPA SOLUTIONS LLC · Contract administrator · Other services$5,154

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$90,433 · 0.53%
2023$59,855 · 0.46%
2022$47,436 · 0.46%
Same employer
Similar plansProfessional & Technical Services · Virginia
Rrmm Architects, P.C. VA$19.3M · 0.48%
ACT1 Federal LLC VA$19.0M · 0.65%
A-Tek, Inc. VA$19.0M · 0.43%
P5 Strategies, LLC VA$18.9M · 0.35%
Kingfisher Systems, Inc. VA$18.8M · 0.54%
Techlab, Inc. VA$18.7M · 0.48%
Trilogy Federal, LLC VA$18.6M · 0.30%
Veros Technologies, LLC VA$18.6M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 454584216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.