Plan Ledger DOL Form 5500 · updated monthly

Tate Engineering Systems, Inc.401(k)

TATE ENGINEERING SYSTEMS, INC. RETIREMENT SAVINGS PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.43%

Tate Engineering Systems, Inc. reported $46,245 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. 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 0.45% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (925th of 1,671), and 2,892nd of 5,337 in construction. active participation has shrunk from 306 to 151 since 2022.

Plan summary
Net assets, end of year$11,498,500
Participants with balances177
Active participants151
Employer contributions—
Employee contributions$955,806
Employer contribution per active participant—
Average account balance$64,963
Benefits paid to participants$651,674
Plan auditUnmodified (clean) audit opinion
AuditorCOKER AND COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 177 accts
2023$10.3M · 165 accts · $237K emplr
2022$8.3M · 164 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,306
Investment management$25,939
Total administrative$46,245
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 · 20242
WEALTHSPIRE RETIREMENT ADVISORY · Investment advisory (plan)$25,939
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,305

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$46,245 · 0.43%
2023$44,966 · 0.48%
2022$38,641 · 0.45%
Same employer
Similar plansConstruction · Maryland
Len the Plumber, LLC MD$12.2M · 0.86%
Cole Roofing Co., Inc. MD$12.1M · 0.37%
C. William Hetzer, Inc. MD$11.6M · 0.38%
Tricon Construction, Inc. MD$11.3M · 0.00%
M. T. Laney Company, Inc. MD$11.2M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521642992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.