Plan Ledger DOL Form 5500 · updated monthly

Pgtek Inc.401(k)

PGTEK, INC. 401(K) PROFIT SHARING PLAN & TRUST · ASHBURN, VA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Pgtek Inc. reported $41,193 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,770 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 3 years on file its reported administrative ratio has held roughly steady near 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 Virginia (1,822nd of 2,266), and 9,761st of 11,654 in professional & technical services. In 2024, employees put in $2.68 for every $1.00 the employer contributed; active participation has grown from 92 to 116 since 2022.

Plan summary
Net assets, end of year$5,092,838
Participants with balances136
Active participants116
Employer contributions$321,360
Employee contributions$861,824
Employer contribution per active participant$2,770
Average account balance$37,447
Benefits paid to participants$881,341
Plan auditUnmodified (clean) audit opinion
AuditorYOUNG,HYDE & BARBOUR, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 136 accts · $321K emplr
2023$4.2M · 125 accts · $245K emplr
2022$3.2M · 118 accts · $208K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,965
Investment management$33,228
Total administrative$41,193
The Pgtek Inc. 401(k) match · 2024
Employer contribution per active participant$2,770
Median for plans this size$1,313
2024$2,770 per active participant
2023$2,146 per active participant
2022$2,263 per active participant

Pgtek Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
EVERINGTON CONSULTING INC · Recordkeeping$41,194
CHARLES SCHWAB TRUST BANK · Securities brokerageindirect comp
WELLINGTON CONSULTING SERVICES · Investment advisory (participants) · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024EVERINGTON CONSULTING INC
2023EVERINGTON CONSULTING INC

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Administrative cost history3
2024$41,193 · 0.89%
2023$33,472 · 0.90%
2022$28,063 · 0.85%
Similar plansProfessional & Technical Services · Virginia
Apogee Solutions, Inc. VA$5.2M · 0.89%
Tekmasters LLC VA$5.2M · 0.50%
Ennoble First, Inc. VA$5.1M · 0.79%
Intellectechs, Inc. VA$5.1M · 1.41%
Fishbowl Inc. VA$5.1M · 0.66%
Fedwriters, Inc. VA$5.1M · 0.97%
Teleworld Solutions, Inc VA$5.1M · 0.45%
Rios Partners, LLC VA$5.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542059324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.