Plan Ledger DOL Form 5500 · updated monthly

Team Carney, Inc.401(k)

TEAM CARNEY, INC. 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Team Carney, Inc. reported $49,604 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $2,806 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 0.819%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,687th of 2,266), and 9,132nd of 11,654 in professional & technical services. In 2024, employees put in $3.26 for every $1.00 the employer contributed; active participation has grown from 65 to 88 since 2022.

Plan summary
Net assets, end of year$6,689,933
Participants with balances133
Active participants88
Employer contributions$246,900
Employee contributions$805,359
Employer contribution per active participant$2,806
Average account balance$50,300
Benefits paid to participants$468,467
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 133 accts · $247K emplr
2023$5.4M · 110 accts · $210K emplr
2022$4.9M · 110 accts · $82K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,777
Investment management$32,827
Total administrative$49,604
The Team Carney, Inc. 401(k) match · 2024
Employer contribution per active participant$2,806
Median for plans this size$1,313
2024$2,806 per active participant
2023$2,281 per active participant
2022$1,261 per active participant

Team Carney, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
FISHER ASSET MANAGEMENT LLC FISHER · Investment advisory (plan)$32,827

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$49,604 · 0.82%
2023$37,113 · 0.72%
2022$42,065 · 0.82%
Similar plansProfessional & Technical Services · Virginia
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Frontstream Holdings LLC VA$6.8M · 0.44%
Advantage Sci, LLC VA$6.7M · 0.79%
Idexcel, Inc. VA$6.7M · 0.33%
Itech AG, LLC VA$6.7M · 0.13%
Pbm Capital Group, LLC VA$6.6M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541695853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.