Plan Ledger DOL Form 5500 · updated monthly

Patricio Enterprises, Inc.401(k)

PATRICIO ENTERPRISES, INC. 401(K) PLAN · STAFFORD, VA · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Patricio Enterprises, Inc. reported $15,977 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,101 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 0.06% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 787th-largest of 2,266 plans among Virginia employers on file, and the 4,420th of 11,654 in professional & technical services. In 2023, employees put in $2.49 for every $1.00 the employer contributed; active participation has shrunk from 295 to 223 since 2022.

Plan summary
Net assets, end of year$27,598,086
Participants with balances325
Active participants223
Employer contributions$914,556
Employee contributions$2,281,803
Employer contribution per active participant$4,101
Average account balance$84,917
Benefits paid to participants$4,373,322
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 287 accts · $366K emplr
2023$27.6M · 325 accts · $915K emplr
2022$24.0M · 350 accts · $981K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,300
Investment management$13,677
Total administrative$15,977
The Patricio Enterprises, Inc. 401(k) match · 2023
Employer contribution per active participant$4,101
Median for plans this size$2,440
2024$1,685 per active participant
2023$4,101 per active participant
2022$3,325 per active participant

Patricio Enterprises, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,677
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,300

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$17,915 · 0.07%
2023$15,977 · 0.06%
2022$16,357 · 0.06%
Same employer
Similar plansProfessional & Technical Services · Virginia
Logos Technologies LLC VA$28.1M · 0.00%
Thompson & Litton, Inc. VA$27.7M · 0.18%
Cofense Inc. VA$27.6M · 0.19%
Vae, Inc. VA$27.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510524949 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.