Plan Ledger DOL Form 5500 · updated monthly

New Charter Technologies, Inc.401(k)

NEW CHARTER TECHNOLOGIES 401(K) PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

New Charter Technologies, Inc. reported $212,098 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,797 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 0.34% to 0.45%. 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 222nd-largest of 1,461 plans among Colorado employers on file, and the 2,531st of 11,654 in professional & technical services. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 409 to 898 since 2022.

Plan summary
Net assets, end of year$55,828,805
Participants with balances865
Active participants898
Employer contributions$2,511,873
Employee contributions$4,264,791
Employer contribution per active participant$2,797
Average account balance$64,542
Benefits paid to participants$3,173,563
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.8M · 865 accts · $2.5M emplr
2023$39.5M · 767 accts · $2.0M emplr
2022$11.0M · 368 accts · $829K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,107
Investment management$102,991
Total administrative$212,098
The New Charter Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$2,797
Median for plans this size$2,416
2024$2,797 per active participant
2023$2,224 per active participant
2022$2,026 per active participant

New Charter Technologies, 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
MMA SECURITIES LLC · Investment advisory (plan)$72,197
EMPOWER ADVISORY GROUP, LLC · Investment management$41,996

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$212,098 · 0.45%
2023$156,807 · 0.62%
2022$36,968 · 0.34%
Same employer
Similar plansProfessional & Technical Services · Colorado
Ibotta, Inc. CO$64.9M · 0.23%
PAX8, Inc. CO$63.0M · 0.29%
Lerch Bates Inc. CO$61.0M · 0.13%
M-E Engineers, Inc CO$56.9M · 0.20%
Mercury Healthcare, Inc. CO$55.6M · 0.23%
Rocky Mountain Institute CO$55.4M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842903212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.