Plan Ledger DOL Form 5500 · updated monthly

Potomacwave Consulting401(k)

POTOMACWAVE CONSULTING 401K · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Potomacwave Consulting reported $5,590 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,723 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 0.04% to 0.05%. 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 among the smaller plans on file in Virginia (1,359th of 2,266), and 7,541st of 11,654 in professional & technical services. In 2024, employees put in $4.77 for every $1.00 the employer contributed; active participation has shrunk from 165 to 148 since 2022.

Plan summary
Net assets, end of year$11,506,664
Participants with balances236
Active participants148
Employer contributions$255,062
Employee contributions$1,217,237
Employer contribution per active participant$1,723
Average account balance$48,757
Benefits paid to participants$1,889,654
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 236 accts · $255K emplr
2023$10.5M · 247 accts · $320K emplr
2022$8.4M · 255 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,590
Total administrative$5,590
The Potomacwave Consulting 401(k) match · 2024
Employer contribution per active participant$1,723
Median for plans this size$2,416
2024$1,723 per active participant
2023$2,093 per active participant
2022$1,960 per active participant

Potomacwave Consulting's 2024 employer contribution ran below 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$5,590
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
2023ADP

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

Administrative cost history3
2024$5,590 · 0.05%
2023$3,366 · 0.04%
2022$4,015 · 0.04%
Same employer
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Vignet Inc VA$11.9M · 0.22%
Revature, LLC VA$11.9M · 0.64%
Netcentrics Corporation VA$11.9M · 0.47%
Strongbridge LLC VA$11.9M · 0.31%
Prescient Edge Corporation VA$11.5M · 0.50%
Alphasix Corporation VA$11.4M · 0.16%
Divurgent LLC VA$11.4M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208085906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.