Plan Ledger DOL Form 5500 · updated monthly

Techno Coatings Inc401(k)

TECHNO COATINGS INC. 401K PLAN · NORTH MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Techno Coatings Inc reported $5,365 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $371 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 0.12% to 0.17%. 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 Florida (2,839th of 3,644), and 12,150th of 13,661 in manufacturing. In 2024, employees put in $6.64 for every $1.00 the employer contributed; active participation has grown from 112 to 131 since 2022.

Plan summary
Net assets, end of year$3,240,706
Participants with balances129
Active participants131
Employer contributions$48,566
Employee contributions$322,601
Employer contribution per active participant$371
Average account balance$25,122
Benefits paid to participants$527,448
Plan auditUnmodified (clean) audit opinion
AuditorKAUFMAN ROSSIN AND CO.
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 129 accts · $49K emplr
2023$3.1M · 121 accts · $41K emplr
2022$2.5M · 105 accts · $39K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,162
Investment management$203
Total administrative$5,365
The Techno Coatings Inc 401(k) match · 2024
Employer contribution per active participant$371
Median for plans this size$1,313
2024$371 per active participant
2023$325 per active participant
2022$349 per active participant

Techno Coatings Inc's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
ADP, INC. · Loan processing · Recordkeeping$5,365

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$5,365 · 0.17%
2023$2,544 · 0.09%
2022$3,355 · 0.12%
Same employer
Similar plansManufacturing · Florida
Leixir Dental Group FL$3.4M · 0.73%
Hyperform, Inc. FL$3.3M · 0.28%
Alliance Dairies FL$3.3M · 0.08%
Leaders Holding Company FL$3.3M · 1.33%
Bungalow Scenic Studios FL$3.2M · 0.59%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592135281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.