Plan Ledger DOL Form 5500 · updated monthly

Technica LLC401(k)

TECHNICA LLC 401(K) PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
1.31%

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

Technica LLC reported $206,221 in plan administrative expenses for 2024: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,014 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 0.87% to 1.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 311th-largest of 807 plans among South Carolina employers on file, and the 713th of 2,534 in administrative & support services. In 2024, the employer put in $1.81 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,604,945
Participants with balances1,049
Active participants952
Employer contributions$1,917,639
Employee contributions$1,057,786
Employer contribution per active participant$2,014
Average account balance$15,829
Benefits paid to participants$2,850,360
Plan auditUnmodified (clean) audit opinion
AuditorJONES, POUNDER & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 1,049 accts · $1.9M emplr
2023$14.9M · 1,220 accts · $2.2M emplr
2022$13.5M · 1,289 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$206,221
Total administrative$206,221
The Technica LLC 401(k) match · 2024
Employer contribution per active participant$2,014
Median for plans this size$2,416
2024$2,014 per active participant
2023$2,707 per active participant
2022$3,698 per active participant

Technica LLC's 2024 employer contribution ran below the $2,416 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 · 20245
MY BENEFITS LLC · Contract administrator$55,855
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$17,986
EMPOWER ADVISORY GROUP, LLC · Investment management$15,653
FIRST PARTY ADMINISTRATORS, LLC · Contract administrator$4,052

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$206,221 · 1.31%
2023$179,164 · 1.26%
2022$134,702 · 0.87%
Same employer
Similar plansAdministrative & Support Services · South Carolina
Propel Peo, Inc. SC$85.4M · 0.73%
Williams & Fudge, Inc. SC$26.2M · 0.15%
Amarok, LLC SC$19.3M · 0.45%
Gc Avantech, LLC SC$13.6M · 0.49%
Value Added Solutions, Inc. SC$11.9M · 0.63%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 432036786 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.