Plan Ledger DOL Form 5500 · updated monthly

Silverchair Science + Communication, LLC401(k)

SILVERCHAIR SCIENCE + COMMUNICATION, LLC 401(K) PLAN · CHARLOTTESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Silverchair Science + Communication, LLC reported $45,570 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,337 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 fell from 0.36% to 0.34%. 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 (1,195th of 2,266), and 6,609th of 11,654 in professional & technical services. In 2024, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,817,154
Participants with balances183
Active participants135
Employer contributions$315,544
Employee contributions$1,001,554
Employer contribution per active participant$2,337
Average account balance$80,968
Benefits paid to participants$904,728
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2024$14.8M · 183 accts · $316K emplr
2023$12.2M · 151 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,570
Total administrative$45,570
The Silverchair Science + Communication, LLC 401(k) match · 2024
Employer contribution per active participant$2,337
Median for plans this size$2,416
2024$2,337 per active participant
2023$3,420 per active participant

Silverchair Science + Communication, LLC'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.

Administrative cost history2
2024$45,570 · 0.34%
2023$39,685 · 0.36%
Same employer
Similar plansProfessional & Technical Services · Virginia
Xla, Inc. VA$14.9M · 0.39%
Mobius Consulting, LLC VA$14.8M · 0.39%
Ksj & Associates, Inc VA$14.8M · 0.57%
Dignari, LLC VA$14.7M · 0.56%
Horizon Industries, Limited VA$14.7M · 0.04%
3PILLAR Global, Inc. VA$14.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542034704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.