Plan Ledger DOL Form 5500 · updated monthly

Tec Building Systems LLC401(k)

TEC BUILDING SYSTEMS LLC 401(K) PROFIT SHARING PLAN & TRUST · LONG ISLAND CITY, NY · plan year 2022

Reported admin expense ratio · 2022
0.26%

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

Tec Building Systems LLC reported $48,754 in plan administrative expenses for 2022: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,678 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 0.26% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (2,847th of 5,648), and 6,325th of 11,654 in professional & technical services. In 2022, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,088,946
Participants with balances167
Active participants140
Employer contributions$374,919
Employee contributions$1,012,239
Employer contribution per active participant$2,678
Average account balance$96,341
Benefits paid to participants$2,047,791
Plan auditUnmodified (clean) audit opinion
AuditorWAGNER FERBER FINE & ACKERMAN PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 151 accts
2023$14.8M · 155 accts
2022$16.1M · 167 accts · $375K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$17,310
Investment management$31,444
Total administrative$48,754
The Tec Building Systems LLC 401(k) match · 2022
Employer contribution per active participant$2,678
Median for plans this size$2,266

Tec Building Systems LLC's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Paychex
2023Paychex, RESOURCES INVESTMENT ADVISORS, LLC

This plan has changed recordkeepers within these filings. If you left Tec Building Systems LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,716 · 0.29%
2023$48,164 · 0.31%
2022$48,754 · 0.26%
Same employer
Similar plansProfessional & Technical Services · New York
Wavestone US Inc. NY$16.3M · 0.52%
Logic Technology, Inc. NY$16.3M · 0.01%
Bluecore, Inc NY$16.3M · 0.38%
Krish Actuarial, Inc. NY$15.9M · 0.44%
Atelier Ten USA LLC NY$15.9M · 0.00%
Lilker Associates NY$15.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825310876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.