Plan Ledger DOL Form 5500 · updated monthly

Tactile Systems Technology, Inc.401(k)

TACTILE SYSTEMS TECHNOLOGY, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Tactile Systems Technology, Inc. reported $67,629 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,340 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 0.11% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 549th-largest of 1,918 plans among Minnesota employers on file, and the 3,446th of 13,661 in manufacturing. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,843,633
Participants with balances1,187
Active participants1,044
Employer contributions$2,442,789
Employee contributions$6,239,044
Employer contribution per active participant$2,340
Average account balance$36,937
Benefits paid to participants$3,881,359
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.8M · 1,187 accts · $2.4M emplr
2023$32.2M · 817 accts · $1.5M emplr
2022$25.7M · 1,092 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,391
Investment management$37,238
Total administrative$67,629
The Tactile Systems Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$2,340
Median for plans this size$2,416
2024$2,340 per active participant
2023$1,543 per active participant
2022$1,472 per active participant

Tactile Systems Technology, 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 · 20243
USI ADVISORS INC · Investment advisory (plan)$36,667
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,391
UKG · Other services$12,000

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$67,629 · 0.18%
2023$51,376 · 0.18%
2022$28,494 · 0.11%
Same employer
Similar plansManufacturing · Minnesota
Bongards' Creameries MN$44.9M · 0.29%
Clearfield, Inc. MN$44.3M · 0.20%
Bernatello's Pizza, Inc. MN$43.3M · 0.17%
Beckhoff Automation, LLC MN$43.3M · 0.11%
Nahan Printing, Inc. MN$41.6M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411801204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.