Plan Ledger DOL Form 5500 · updated monthly

Skyline Technology Solutions LLC401(k)

SKYLINE TECHNOLOGY SOLUTIONS LLC 401(K) PROFIT SHARING PLAN · GLEN BURNIE, MD · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Skyline Technology Solutions LLC reported $177,479 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,206 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 0.67% to 0.71%. 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 the 511th-largest of 1,671 plans among Maryland employers on file, and the 4,497th of 11,654 in professional & technical services. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,007,304
Participants with balances411
Active participants297
Employer contributions$952,193
Employee contributions$2,220,225
Employer contribution per active participant$3,206
Average account balance$65,711
Benefits paid to participants$1,865,011
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 411 accts · $952K emplr
2023$22.7M · 405 accts · $870K emplr
2022$18.7M · 428 accts · $812K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$177,479
Total administrative$177,479
The Skyline Technology Solutions LLC 401(k) match · 2024
Employer contribution per active participant$3,206
Median for plans this size$2,416
2024$3,206 per active participant
2023$2,560 per active participant
2022$2,779 per active participant

Skyline Technology Solutions LLC's 2024 employer contribution ran above 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.

Service providers · 20245
MORGAN STANLEY · Investment advisory (plan)$59,222
EMPOWER ADVISORY GROUP LLC · Investment management$33,455
UHY LLP · Accounting / audit$21,000
ATLANTIC PENSION SERVICES · Contract administrator$7,750

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$177,479 · 0.71%
2023$142,017 · 0.69%
2022$131,680 · 0.67%
Same employer
Similar plansProfessional & Technical Services · Maryland
Rodgers Consulting, Inc MD$27.6M · 0.26%
Rlj Lodging Trust, L.P. MD$27.2M · 0.20%
Becker Morgan Group, Inc. MD$26.8M · 0.27%
American Electronics, Inc. MD$26.8M · 0.06%
Franklin & Prokopik, P.C. MD$26.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371494684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.