Plan Ledger DOL Form 5500 · updated monthly

Tech Medical Inc401(k)

TECH MEDICAL, INC. 401(K) PLAN · WHEELERSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
2.50%

Tech Medical Inc reported $12,845 in plan administrative expenses for 2024: 2.50% of average plan assets, higher than ~75% of peers. 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 1.67% to 2.50%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (3,203rd of 3,295), and 11,292nd of 11,911 in health care & social assistance. active participation has grown from 200 to 381 since 2022.

Plan summary
Net assets, end of year$560,973
Participants with balances77
Active participants381
Employer contributions—
Employee contributions$186,608
Employer contribution per active participant—
Average account balance$7,285
Benefits paid to participants$96,326
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY GALLOWAY SMITH GOOLSBY P
Plan history3
Yearassets · accounts · employer contribution
2024$561K · 77 accts
2023$466K · 261 accts
2022$266K · 258 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,632
Investment management$2,213
Total administrative$12,845
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$12,844

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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,845 · 2.50%
2023$4,014 · 1.10%
2022$4,258 · 1.67%
Similar plansHealth Care & Social Assistance · Ohio
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First Care Ohio, LLC. OH$516K · 1.24%
H&G Nursing Homes, Inc OH$442K · 0.50%
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Source: U.S. Department of Labor, Form 5500 series, EIN 462584460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.