Plan Ledger DOL Form 5500 · updated monthly

Technical Engineering Consultants401(k)

TECHNICAL ENGINEERING CONSULTANTS 401(K) · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
1.20%

Technical Engineering Consultants reported $66,952 in plan administrative expenses for 2024: 1.20% 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 0.79% to 1.20%. 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 Michigan (1,910th of 2,619), and 9,429th of 11,654 in professional & technical services. active participation has shrunk from 3,508 to 1,333 since 2022.

Plan summary
Net assets, end of year$5,925,069
Participants with balances188
Active participants1,333
Employer contributions—
Employee contributions$840,495
Employer contribution per active participant—
Average account balance$31,516
Benefits paid to participants$1,155,487
Plan auditUnmodified (clean) audit opinion
AuditorJASON F. CLAUSEN PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 188 accts
2023$5.3M · 167 accts
2022$4.1M · 186 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,952
Total administrative$66,952
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 · 20244
PENSION PLAN SERVICES · Contract administrator$22,620
CAPITAL GROUP RETIREMENT PLAN SERVI$21,825
OSAIC WEALTH INC · Investment advisory (plan)$20,859
WOODBURY FINANCIAL$5,998

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$66,952 · 1.20%
2023$37,065 · 0.79%
2022$36,398 · 0.79%
Same employer
Similar plansProfessional & Technical Services · Michigan
Hcl Global Systems, Inc. MI$6.9M · 0.52%
Fieldstone A&E, LLC MI$6.8M · 0.65%
Ansara Corporation MI$5.8M · 0.13%
Nuspire LLC MI$5.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272887196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.