Plan Ledger DOL Form 5500 · updated monthly

Pickering, Inc.401(k)

PICKERING, INC. 401(K) PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Pickering, Inc. reported $126,788 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,524 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 0.38% to 0.55%. 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 483rd-largest of 1,496 plans among Tennessee employers on file, and the 4,876th of 11,654 in professional & technical services. In 2024, employees put in $2.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,151,594
Participants with balances119
Active participants124
Employer contributions$312,946
Employee contributions$849,728
Employer contribution per active participant$2,524
Average account balance$202,955
Benefits paid to participants$2,228,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 119 accts · $313K emplr
2023$22.1M · 125 accts · $302K emplr
2022$18.5M · 124 accts · $315K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,788
Total administrative$126,788
The Pickering, Inc. 401(k) match · 2024
Employer contribution per active participant$2,524
Median for plans this size$2,416
2024$2,524 per active participant
2023$2,494 per active participant
2022$2,465 per active participant

Pickering, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$39,720
ELLIS BENEFITS GROUP · Recordkeeping · Loan processing$7,299
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$36,460

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

Recordkeeper by year2
2024ELLIS BENEFITS GROUP, Transamerica
2023ELLIS BENEFITS GROUP, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$126,788 · 0.55%
2023$75,976 · 0.37%
2022$75,989 · 0.38%
All plans at this employer2
PICKERING, INC. 401(K) PLAN401(k)
PICKERING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Tennessee
Fremont-Wright, LLC TN$27.6M · 0.09%
Lrk Inc. TN$25.6M · 0.41%
Ncontracts LLC TN$23.9M · 0.34%
Nokian Tyres, Inc. TN$23.9M · 0.16%
Profitsolv Purchaser, Inc. TN$23.7M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620758014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.