Plan Ledger DOL Form 5500 · updated monthly

Microwave Transmission Systems, Inc.Profit-sharing plan

MICROWAVE TRANSMISSION SYSTEMS, INC. PROFIT SHARING PLAN & TRUST · RICHARDSON, TX · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Microwave Transmission Systems, Inc. reported $38,450 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,893 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 0.11% to 0.12%. 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 1,457th-largest of 5,688 plans among Texas employers on file, and the 3,912th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$32,479,138
Participants with balances354
Active participants262
Employer contributions$757,916
Employee contributions—
Employer contribution per active participant$2,893
Average account balance$91,749
Benefits paid to participants$2,416,344
Plan auditUnmodified (clean) audit opinion
AuditorFARMER, FUQUA AND HUFF PC
Plan history3
Yearassets · accounts · employer contribution
2024$32.5M · 354 accts · $758K emplr
2023$30.0M · 356 accts · $1.1M emplr
2022$25.1M · 342 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,450
Audit (IQPA)$23,000
Total administrative$38,450
Employer contributions to the Microwave Transmission Systems, Inc. plan · 2024
Employer contribution per active participant$2,893
Median for plans this size$2,416
2024$2,893 per active participant
2023$4,171 per active participant
2022$3,929 per active participant

Microwave Transmission Systems, 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 · 20242
401 PLANS · Recordkeeping · Other services$15,450
TURNER STONE & COMPANY · Accounting / audit$23,000

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

Recordkeeper by year2
2024401 PLANS
2023401 PLANS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,450 · 0.12%
2023$30,690 · 0.11%
2022$30,580 · 0.11%
Similar plansProfessional & Technical Services · Texas
Arc Games Inc. TX$32.9M · 0.24%
Magseis Fairfield, LLC TX$32.8M · 0.02%
The Lanier Law Firm, P.C. TX$32.6M · 0.12%
Generational Equity LLC TX$32.6M · 0.16%
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Knight Energy Services, LLC TX$32.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752602228 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.