Plan Ledger DOL Form 5500 · updated monthly

Tate Access Floors, Inc.401(k)

TATE ACCESS FLOORS, INC. RETIREMENT SAVINGS PLAN · JESSUP, MD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Tate Access Floors, Inc. reported $93,069 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $3,359 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 3 years on file its reported administrative ratio has held roughly steady near 0.25%. 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 385th-largest of 1,671 plans among Maryland employers on file, and the 3,709th of 13,661 in manufacturing. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 266 to 405 since 2022.

Plan summary
Net assets, end of year$39,652,706
Participants with balances482
Active participants405
Employer contributions$1,360,268
Employee contributions$2,005,409
Employer contribution per active participant$3,359
Average account balance$82,267
Benefits paid to participants$3,904,377
Plan auditUnmodified (clean) audit opinion
AuditorWEYRICH CRONIN & SORRA
Plan history3
Yearassets · accounts · employer contribution
2024$39.7M · 482 accts · $1.4M emplr
2023$36.2M · 362 accts · $887K emplr
2022$30.8M · 326 accts · $796K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,294
Investment management$40,375
Audit (IQPA)$12,400
Total administrative$93,069
The Tate Access Floors, Inc. 401(k) match · 2024
Employer contribution per active participant$3,359
Median for plans this size$2,416
2024$3,359 per active participant
2023$3,059 per active participant
2022$2,991 per active participant

Tate Access Floors, Inc.'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
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$40,375
ADP, INC. · Loan processing · Recordkeeping$40,294
WEYRICH, CRONIN, & SORRA, LLC · Recordkeeping · Pension consulting$12,400

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

Recordkeeper by year2
2024ADP, GREENSPRING ADVISORS, LLC, WEYRICH, CRONIN, & SORRA, LLC
2023ADP, GREENSPRING ADVISORS, LLC, WEYRICH, CRONIN, & SORRA, LLC

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Administrative cost history3
2024$93,069 · 0.25%
2023$70,112 · 0.21%
2022$79,476 · 0.24%
Similar plansManufacturing · Maryland
Powercon Corporation MD$44.9M · 0.23%
Independent Can Company MD$40.4M · 0.34%
H&S Bakery, Inc. MD$39.8M · 0.19%
Phoenix Color Corp. MD$38.3M · 0.18%
Elite Spice, Inc. MD$37.8M · 0.32%
District Photo, Inc. MD$35.5M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520781996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.