Plan Ledger DOL Form 5500 · updated monthly

PHASE2 Technology, LLC401(k)

PHASE2 TECHNOLOGY LLC 401(K) PROFIT SHARING PLAN AND TRUST · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

PHASE2 Technology, LLC reported $90,735 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,528 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 0.53% to 0.46%. 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 955th-largest of 2,266 plans among Virginia employers on file, and the 5,348th of 11,654 in professional & technical services. In 2024, employees put in $2.68 for every $1.00 the employer contributed; active participation has shrunk from 155 to 129 since 2022.

Plan summary
Net assets, end of year$21,114,740
Participants with balances279
Active participants129
Employer contributions$584,105
Employee contributions$1,566,944
Employer contribution per active participant$4,528
Average account balance$75,680
Benefits paid to participants$2,204,978
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 279 accts · $584K emplr
2023$18.1M · 296 accts · $842K emplr
2022$13.5M · 284 accts · $576K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,114
Investment management$55,621
Total administrative$90,735
The PHASE2 Technology, LLC 401(k) match · 2024
Employer contribution per active participant$4,528
Median for plans this size$2,416
2024$4,528 per active participant
2023$5,579 per active participant
2022$3,718 per active participant

PHASE2 Technology, LLC'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$55,621
ADP, INC. · Loan processing · Recordkeeping$35,114
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$90,735 · 0.46%
2023$79,491 · 0.50%
2022$75,841 · 0.53%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 542058155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.