Plan Ledger DOL Form 5500 · updated monthly

Skuid, Inc.401(k)

SKUID, INC. 401(K) PLAN · CHATTANOOGA, TN · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Skuid, Inc. reported $10,491 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,544 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 0.39% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (1,069th of 1,496), and 9,793rd of 11,654 in professional & technical services. In 2023, employees put in $6.82 for every $1.00 the employer contributed; active participation has shrunk from 111 to 67 since 2022.

Plan summary
Net assets, end of year$5,018,842
Participants with balances145
Active participants67
Employer contributions$103,446
Employee contributions$705,493
Employer contribution per active participant$1,544
Average account balance$34,613
Benefits paid to participants$784,895
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSONHUTCHERSON&MCCULLOUGH,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $8K emplr
2023$5.0M · 145 accts · $103K emplr
2022$4.2M · 166 accts · $129K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,185
Total administrative$10,491
The Skuid, Inc. 401(k) match · 2023
Employer contribution per active participant$1,544
Median for plans this size$1,308
2023$1,544 per active participant
2022$1,166 per active participant

Skuid, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MML INVESTORS SERVICES LLCindirect comp

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$10,491 · 0.23%
2022$16,063 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Principle USA, Inc. TN$5.4M · 0.38%
Freightwise, LLC TN$5.3M · 0.54%
Med Communications, Inc. TN$5.1M · 0.76%
Rayner LLC TN$4.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461251001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.