Plan Ledger DOL Form 5500 · updated monthly

SEV1TECH, LLC401(k)

SEV1TECH, LLC 401(K) PLAN · WOODBRIDGE, VA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

SEV1TECH, LLC reported $294,594 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,044 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 0.31% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 251st-largest of 2,266 plans among Virginia employers on file, and the 1,322nd of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$115,192,723
Participants with balances1,446
Active participants962
Employer contributions$3,890,721
Employee contributions$10,028,769
Employer contribution per active participant$4,044
Average account balance$79,663
Benefits paid to participants$15,719,023
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$115.2M · 1,446 accts · $3.9M emplr
2023$102.4M · 1,427 accts · $3.5M emplr
2022$86.3M · 1,332 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,950
Investment management$161,369
Audit (IQPA)$16,275
Total administrative$294,594
The SEV1TECH, LLC 401(k) match · 2024
Employer contribution per active participant$4,044
Median for plans this size$3,635
2024$4,044 per active participant
2023$3,572 per active participant
2022$4,093 per active participant

SEV1TECH, LLC's 2024 employer contribution ran above the $3,635 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 · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$130,321
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$116,950
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$31,047
APRIO LLP · Accounting / audit$16,275

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

Administrative cost history3
2024$294,594 · 0.27%
2023$256,250 · 0.27%
2022$236,094 · 0.31%
Same employer
Similar plansProfessional & Technical Services · Virginia
Qinetiq Inc. VA$127.6M · 0.30%
Iron Bow Technologies, LLC VA$123.1M · 0.13%
Kearney & Company, P.C. VA$116.1M · 0.12%
Calibre Systems, Inc. VA$114.7M · 0.16%
C2 Essentials, Inc. VA$111.4M · 0.56%
Tmeic Corporation Americas VA$110.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272015706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.