Plan Ledger DOL Form 5500 · updated monthly

Subsystem Technologies, Inc.401(k)

SUBSYSTEM TECHNOLOGIES, INC. 401(K) PLAN · ARLINGTON, VA · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Subsystem Technologies, Inc. reported $55,251 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,108 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 has held roughly steady near 0.35%. 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 the 1,064th-largest of 2,266 plans among Virginia employers on file, and 5,906th of 11,654 in professional & technical services. In 2023, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,042,518
Participants with balances376
Active participants241
Employer contributions$990,003
Employee contributions$1,734,237
Employer contribution per active participant$4,108
Average account balance$47,985
Benefits paid to participants$2,084,092
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$18.0M · 376 accts · $990K emplr
2022$13.8M · 320 accts · $329K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$32,671
Investment management$22,580
Total administrative$55,251
The Subsystem Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$4,108
Median for plans this size$2,440
2023$4,108 per active participant
2022$1,715 per active participant

Subsystem Technologies, Inc.'s 2023 employer contribution ran above the $2,440 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$32,620
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$22,573

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$55,251 · 0.35%
2022$52,283 · 0.36%
Same employer
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Concept Plus, LLC VA$18.3M · 0.39%
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Asi Government, Inc. VA$17.9M · 0.37%
Procon Consulting, LLC VA$17.7M · 0.05%
Rmc 2021 LLC VA$17.4M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521488512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.