Plan Ledger DOL Form 5500 · updated monthly

Technology Partners, LLC401(k)

TECHNOLOGY PARTNERS, LLC 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Technology Partners, LLC reported $106,009 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,105 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 0.68% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 836th-largest of 2,005 plans among North Carolina employers on file, and 1,158th of 2,199 in information & media. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 204 to 225 since 2022.

Plan summary
Net assets, end of year$16,181,469
Participants with balances196
Active participants225
Employer contributions$698,588
Employee contributions$1,583,234
Employer contribution per active participant$3,105
Average account balance$82,559
Benefits paid to participants$389,100
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT DAVIS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 196 accts · $699K emplr
2023$12.3M · 191 accts · $605K emplr
2022$9.4M · 172 accts · $476K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,009
Total administrative$106,009
The Technology Partners, LLC 401(k) match · 2024
Employer contribution per active participant$3,105
Median for plans this size$2,416
2024$3,105 per active participant
2023$2,814 per active participant
2022$2,331 per active participant

Technology Partners, LLC's 2024 employer contribution ran above 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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
MERRILL LYNCH - FAS · Investment advisory (participants)$21,359
MERRILL LYNCH - EPS · Investment advisory (participants)$21,359

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$106,009 · 0.74%
2023$82,017 · 0.76%
2022$67,333 · 0.68%
Same employer
Similar plansInformation & Media · North Carolina
Teamworks Innovations, Inc. NC$15.8M · 0.54%
Cdata Software, Inc. NC$14.8M · 0.02%
Allbridge NC$13.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562195793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.