Plan Ledger DOL Form 5500 · updated monthly

People, Technology and Processe401(k)

PEOPLE TECHNOLOGY AND PROCESSE 401(K) PROFIT SHARING PLAN & TRUST · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

People, Technology and Processe reported $47,147 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,105 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 fell from 1.12% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,311th of 3,644), and 9,364th of 11,654 in professional & technical services. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 206 to 228 since 2022.

Plan summary
Net assets, end of year$6,090,835
Participants with balances188
Active participants228
Employer contributions$479,910
Employee contributions$1,032,464
Employer contribution per active participant$2,105
Average account balance$32,398
Benefits paid to participants$723,859
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 188 accts · $480K emplr
2023$4.6M · 226 accts · $430K emplr
2022$2.6M · 185 accts · $327K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,465
Investment management$14,182
Audit (IQPA)$7,500
Total administrative$47,147
The People, Technology and Processe 401(k) match · 2024
Employer contribution per active participant$2,105
Median for plans this size$1,313
2024$2,105 per active participant
2023$1,629 per active participant
2022$1,587 per active participant

People, Technology and Processe's 2024 employer contribution ran above the $1,313 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 · 20245
PAYCHEX INC · Recordkeeping$18,925
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,762
RAYMOND JAMES AND ASSOC INC · Investment advisory (participants) · Investment advisory (plan)$14,182
SKIBBIE CPA, INC · Accounting / audit$7,500
ONEAMERICA RETIREMENT SERVICES LLC · Plan administrator · Named fiduciary$5,303

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

Recordkeeper by year2
2024OneAmerica, Paychex
2023Paychex

This plan has changed recordkeepers within these filings. If you left People, Technology and Processe 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$47,147 · 0.89%
2023$39,066 · 1.09%
2022$29,189 · 1.12%
Similar plansProfessional & Technical Services · Florida
Groelle & Salmon, P.A. FL$6.2M · 0.78%
Image Api, LLC. FL$6.2M · 0.65%
Mindteck, Inc. FL$6.2M · 0.54%
Adacel Systems Inc. FL$6.1M · 0.64%
Payspan Inc. FL$6.1M · 0.58%
Amtis, Inc. FL$6.0M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274171805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.