Plan Ledger DOL Form 5500 · updated monthly

Open Systems Technologies Corp401(k)

OPEN SYSTEMS TECHNOLOGIES CORP 401(K) PROFIT SHARING PLAN & TRUST · GAINESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Open Systems Technologies Corp reported $17,686 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,478 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 0.15% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,352nd of 2,266), and 2,858th of 5,337 in construction. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,688,215
Participants with balances162
Active participants162
Employer contributions$725,387
Employee contributions$1,619,490
Employer contribution per active participant$4,478
Average account balance$72,149
Benefits paid to participants$1,629,484
Plan auditUnmodified (clean) audit opinion
AuditorDOANE CPA FIRM LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 162 accts · $725K emplr
2023$9.5M · 173 accts · $707K emplr
2022$6.0M · 138 accts · $617K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,135
Investment management$691
Trustee / custodial$860
Total administrative$17,686
The Open Systems Technologies Corp 401(k) match · 2024
Employer contribution per active participant$4,478
Median for plans this size$2,416
2024$4,478 per active participant
2023$4,157 per active participant
2022$4,167 per active participant

Open Systems Technologies Corp'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 · 20241
PAYCHEX, INC. · Recordkeeping$16,853

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

Recordkeeper by year2
2024Paychex
2023DOANE CPA FIRM LLC, Paychex

This plan has changed recordkeepers within these filings. If you left Open Systems Technologies Corp before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,686 · 0.17%
2023$17,967 · 0.23%
2022$8,626 · 0.15%
Same employer
Similar plansConstruction · Virginia
S. B. Cox, Inc. VA$12.6M · 0.08%
The Matthews Group, Inc. VA$12.2M · 0.35%
Calvert Masonry, Inc. VA$11.7M · 0.00%
Blauch Brothers, Inc. VA$11.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521987398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.