Plan Ledger DOL Form 5500 · updated monthly

Technology Concepts & Design, Inc.401(k) + ESOP (KSOP)

TECHNOLOGY CONCEPTS & DESIGN, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN · GREENSBORO, NC · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Technology Concepts & Design, Inc. reported $68,558 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $4,156 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 0.23% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 607th-largest of 2,005 plans among North Carolina employers on file, and the 4,476th of 11,654 in professional & technical services. In 2023, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,166,425
Participants with balances175
Active participants140
Employer contributions$581,887
Employee contributions$1,204,076
Employer contribution per active participant$4,156
Average account balance$155,237
Benefits paid to participants$1,724,111
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 176 accts · $226K emplr
2023$27.2M · 175 accts · $582K emplr
2022$24.5M · 160 accts · $500K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$68,534
Total administrative$68,558
The Technology Concepts & Design, Inc. 401(k) match · 2023
Employer contribution per active participant$4,156
Median for plans this size$2,440
2024$1,913 per active participant
2023$4,156 per active participant
2022$3,268 per active participant

Technology Concepts & Design, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$68,533
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)indirect comp
MMA SECURITIES LLC · Investment advisory (plan)indirect comp

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$83,287 · 0.31%
2023$68,558 · 0.27%
2022$64,354 · 0.23%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Sato America, LLC NC$27.7M · 0.06%
W. K. Dickson & Co., Inc. NC$27.2M · 0.14%
Digital.Ai Software, Inc. NC$25.8M · 0.18%
Metabolon, Inc. NC$25.4M · 0.03%
Redwood Software, Inc. NC$24.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541490248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.