Plan Ledger DOL Form 5500 · updated monthly

Strongbridge LLC401(k)

STRONGBRIDGE LLC 401(K) PROFIT SHARING PLAN AND TRUST · STERLING, VA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Strongbridge LLC reported $33,604 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,777 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 fell from 0.36% to 0.31%. 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 (1,349th of 2,266), and 7,432nd of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed; active participation has grown from 94 to 106 since 2022.

Plan summary
Net assets, end of year$11,854,612
Participants with balances110
Active participants106
Employer contributions$294,319
Employee contributions$760,771
Employer contribution per active participant$2,777
Average account balance$107,769
Benefits paid to participants$459,596
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 110 accts · $294K emplr
2023$9.7M · 111 accts · $294K emplr
2022$7.4M · 104 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,119
Investment management$18,485
Total administrative$33,604
The Strongbridge LLC 401(k) match · 2024
Employer contribution per active participant$2,777
Median for plans this size$2,416
2024$2,777 per active participant
2023$3,462 per active participant
2022$2,892 per active participant

Strongbridge 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 · 20243
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$16,999
EMPOWER ADVISORY GROUP, LLC · Investment management$1,486

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$33,604 · 0.31%
2023$27,363 · 0.32%
2022$29,461 · 0.36%
Similar plansProfessional & Technical Services · Virginia
MISSION1ST Group, Inc. VA$12.0M · 0.61%
Vignet Inc VA$11.9M · 0.22%
Revature, LLC VA$11.9M · 0.64%
Netcentrics Corporation VA$11.9M · 0.47%
Potomacwave Consulting VA$11.5M · 0.05%
Prescient Edge Corporation VA$11.5M · 0.50%
Alphasix Corporation VA$11.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542052504 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.