Plan Ledger DOL Form 5500 · updated monthly

Seatec Consulting Inc.401(k)

SEATEC CONSULTING INC. 401(K) PLAN · NORCROSS, GA · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Seatec Consulting Inc. reported $31,200 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,709 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 1 year on file its reported administrative ratio rose from 0.09% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 634th-largest of 2,160 plans among Georgia employers on file, and the 3,867th of 11,654 in professional & technical services. In 2023, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,002,201
Participants with balances230
Active participants208
Employer contributions$979,556
Employee contributions$2,998,821
Employer contribution per active participant$4,709
Average account balance$143,488
Benefits paid to participants$5,482,225
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $155K emplr
2023$33.0M · 230 accts · $980K emplr
2022$28.6M · 232 accts · $885K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,928
Investment management$9,010
Audit (IQPA)$3,900
Total administrative$31,200
The Seatec Consulting Inc. 401(k) match · 2023
Employer contribution per active participant$4,709
Median for plans this size$2,440
2023$4,709 per active participant
2022$4,494 per active participant

Seatec Consulting Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$17,928
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,010

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

Administrative cost history3
2024Not separately reported
2023$31,200 · 0.10%
2022$26,783 · 0.09%
Similar plansProfessional & Technical Services · Georgia
Alexander Proudfoot Company GA$34.4M · 0.29%
Pyramid Consulting, Inc. GA$32.8M · 0.89%
Drew Eckl & Farnham LLP GA$32.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471101218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.