Plan Ledger DOL Form 5500 · updated monthly

Selecttech Services Corporation401(k)

SELECTTECH 401K PLAN · CENTERVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Selecttech Services Corporation reported $45,062 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $1,994 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 0.47% to 0.62%. 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 Ohio (2,247th of 3,295), and 8,906th of 11,654 in professional & technical services. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,395,416
Participants with balances154
Active participants157
Employer contributions$313,136
Employee contributions$639,824
Employer contribution per active participant$1,994
Average account balance$48,022
Benefits paid to participants$1,846,655
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, WARE & SCHOENFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 154 accts · $313K emplr
2023$7.2M · 148 accts · $283K emplr
2022$6.2M · 151 accts · $296K emplr
The Selecttech Services Corporation 401(k) match · 2024
Employer contribution per active participant$1,994
Median for plans this size$1,313
2024$1,994 per active participant
2023$1,965 per active participant
2022$2,071 per active participant

Selecttech Services Corporation's 2024 employer contribution ran above the $1,313 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 · 20241
PEOPLES BANK · Recordkeeping · Custodial (securities)$45,062

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

Recordkeeper by year2
2024PEOPLES BANK
2023PEOPLES BANK

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

Administrative cost history3
2024$45,062 · 0.62%
2023$40,832 · 0.61%
2022$31,403 · 0.47%
Same employer
Similar plansProfessional & Technical Services · Ohio
Sigmatek Systems, LLC OH$7.7M · 0.27%
Tryzub Inc OH$7.5M · 0.73%
Javitch Block LLC OH$7.4M · 0.60%
Dicello Levitt LLP OH$7.3M · 0.69%
Melink Corporation OH$7.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311022162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.