Plan Ledger DOL Form 5500 · updated monthly

Skorpios Technologies401(k)

SKORPIOS TECHNOLOGIES INC. 401(K) PLAN · ALBUQUERQUE, NM · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Skorpios Technologies reported $58,652 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $20 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 0.55% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Mexico (158th of 290), and 9,809th of 13,661 in manufacturing. In 2023, employees put in $362.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,699,967
Participants with balances203
Active participants101
Employer contributions$2,030
Employee contributions$736,856
Employer contribution per active participant$20
Average account balance$37,931
Benefits paid to participants$1,858,389
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$7.7M · 203 accts · $2K emplr
2022$7.4M · 187 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,015
Investment management$18,637
Total administrative$58,652
The Skorpios Technologies 401(k) match · 2023
Employer contribution per active participant$20
Median for plans this size$1,308

Skorpios Technologies's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 · 20233
LINCOLN NATIONAL CORPORATION · Contract administrator$34,757
RBC WEALTH MGMT A DIV OF RBC CAP · Investment advisory (plan)$18,637
ADMINISTRATIVE FIDUCIARY SERVICES · Named fiduciary$5,258

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

Administrative cost history2
2023$58,652 · 0.78%
2022$49,319 · 0.55%
Same employer
Similar plansManufacturing · New Mexico
Lectrosonics, Inc. NM$19.3M · 0.42%
Unirac Inc NM$12.5M · 0.05%
Optomec, Inc. NM$7.3M · 0.12%
Southwest Care Center NM$7.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270536165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.