Plan Ledger DOL Form 5500 · updated monthly

Spin Systems, Inc.401(k)

SPIN SYSTEMS, INC. 401(K) PLAN · FALLS CHURCH, VA · plan year 2023

Reported admin expense ratio · 2023
0.67%

Spin Systems, Inc. reported $88,438 in plan administrative expenses for 2023: 0.67% of average plan assets, higher than ~90% of peers. 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 0.58% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,264th of 2,266), and 7,008th of 11,654 in professional & technical services. In 2023, employees put in $3.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,317,296
Participants with balances206
Active participants0
Employer contributions$554,901
Employee contributions$1,834,124
Employer contribution per active participant—
Average account balance$64,647
Benefits paid to participants$4,536,474
Plan auditUnmodified (clean) audit opinion
AuditorANGLIN REICHMANN ARMSTRONG, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$13.3M · 206 accts · $555K emplr
2022$12.9M · 234 accts · $585K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,382
Investment management$45,056
Total administrative$88,438
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 · 20232
MMA SECURITIES LLC · Investment advisory (plan)$45,056
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,382

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$88,438 · 0.67%
2022$73,139 · 0.58%
Same employer
Similar plansProfessional & Technical Services · Virginia
Tech Wizards VA$13.6M · 0.51%
Academy Parent, LLC VA$13.4M · 0.11%
Esentire America VA$13.3M · 0.64%
Pangiam Holdings, LLC VA$13.3M · 0.57%
Lessard Design Inc. VA$13.3M · 0.24%
Widepoint Corporation VA$13.3M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541918968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.