Plan Ledger DOL Form 5500 · updated monthly

T-Solutions, Inc.401(k)

T-SOLUTIONS 401(K) RETIREMENT SAVINGS PLAN · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

T-Solutions, Inc. reported $133,196 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,676 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 0.39% to 0.36%. 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 588th-largest of 2,266 plans among Virginia employers on file, and the 3,318th of 11,654 in professional & technical services. In 2024, employees put in $6.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,764,714
Participants with balances496
Active participants353
Employer contributions$591,764
Employee contributions$3,610,787
Employer contribution per active participant$1,676
Average account balance$80,171
Benefits paid to participants$5,026,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.8M · 496 accts · $592K emplr
2023$34.4M · 505 accts · $578K emplr
2022$30.4M · 489 accts · $587K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$133,196
Total administrative$133,196
The T-Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$1,676
Median for plans this size$2,416
2024$1,676 per active participant
2023$1,638 per active participant
2022$1,687 per active participant

T-Solutions, Inc.'s 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Trustee$133,196

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$133,196 · 0.36%
2023$120,100 · 0.37%
2022$126,860 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Virginia
Solerity, Inc. VA$41.0M · 0.30%
Procentrix, LLC VA$40.7M · 0.47%
Technomics, Inc. VA$39.9M · 0.01%
Axiologic Solutions, LLC VA$39.1M · 0.31%
Expel, Inc. VA$38.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020554450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.