Plan Ledger DOL Form 5500 · updated monthly

Technical Services, Inc.ESOP

TECHNICAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · OAK HARBOR, WA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Technical Services, Inc. reported $24,291 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $5,625 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 0.35% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,098th of 1,714), and 8,984th of 13,661 in manufacturing. active participation has grown from 66 to 80 since 2022.

Plan summary
Net assets, end of year$9,573,692
Participants with balances142
Active participants80
Employer contributions$450,000
Employee contributions—
Employer contribution per active participant$5,625
Average account balance$67,420
Benefits paid to participants$349,234
Plan auditUnmodified (clean) audit opinion
AuditorREKDAL HOPKINS HOWARD PS
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 142 accts · $450K emplr
2023$5.4M · 134 accts · $360K emplr
2022$5.9M · 129 accts · $848K emplr
Employer contributions to the Technical Services, Inc. plan · 2024
Employer contribution per active participant$5,625
Median for plans this size$1,313
2024$5,625 per active participant
2023$5,000 per active participant
2022$12,855 per active participant

Technical Services, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
PRARIE CAPITAL ADVISORS · Valuation$20,450

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$24,291 · 0.33%
2023$8,435 · 0.15%
2022$19,363 · 0.35%
Same employer
Similar plansManufacturing · Washington
Floform Countertops LLC WA$9.8M · 1.16%
Sbi, Inc. WA$9.8M
Tidal Vision Products Inc WA$9.7M · 0.06%
Omada International, LLC WA$9.4M · 0.69%
Magnix USA, Inc. WA$9.4M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910906257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.