Plan Ledger DOL Form 5500 · updated monthly

Tecan U.S., Inc.401(k)

TECAN U.S. INC. 401(K) PLAN · MORRISVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Tecan U.S., Inc. reported $211,446 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $5,279 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 fell from 0.28% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 158th-largest of 2,005 plans among North Carolina employers on file, and the 320th of 4,246 in wholesale trade. In 2024, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$139,531,340
Participants with balances1,315
Active participants905
Employer contributions$4,777,773
Employee contributions$10,961,206
Employer contribution per active participant$5,279
Average account balance$106,107
Benefits paid to participants$12,202,429
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$139.5M · 1,315 accts · $4.8M emplr
2023$117.5M · 1,375 accts · $5.3M emplr
2022$68.5M · 1,003 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$136,446
Investment management$75,000
Total administrative$211,446
The Tecan U.S., Inc. 401(k) match · 2024
Employer contribution per active participant$5,279
Median for plans this size$3,635
2024$5,279 per active participant
2023$4,883 per active participant
2022$4,139 per active participant

Tecan U.S., Inc.'s 2024 employer contribution ran above the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$136,446
MMA SECURITIES · Investment advisory (plan)$75,000

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$211,446 · 0.16%
2023$167,122 · 0.18%
2022$198,559 · 0.28%
Same employer
Similar plansWholesale Trade · North Carolina
Vallen Distribution, Inc. NC$273.1M · 0.14%
Merz, Incorporated NC$237.0M · 0.07%
Ffi Holdings, III Corp NC$217.6M · 0.26%
Ecmd, Inc. NC$132.1M
Cook & Boardman Group, LLC NC$120.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561337248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.