Plan Ledger DOL Form 5500 · updated monthly

Tecovas, Inc.401(k)

TECOVAS 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.98%

Tecovas, Inc. reported $43,381 in plan administrative expenses for 2024: 0.98% 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 0.08% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,059th of 5,688), and 3,776th of 5,215 in retail trade. active participation has grown from 617 to 1,007 since 2022.

Plan summary
Net assets, end of year$4,972,463
Participants with balances324
Active participants1,007
Employer contributions—
Employee contributions$1,031,297
Employer contribution per active participant—
Average account balance$15,347
Benefits paid to participants$609,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 324 accts
2023$3.9M · 307 accts
2022$2.4M · 227 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,244
Investment management$737
Total administrative$43,381
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 · 20242
MMA SECURITIES LLCindirect 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$43,381 · 0.98%
2023$1,467 · 0.05%
2022$1,830 · 0.08%
Same employer
Similar plansRetail Trade · Texas
Street Toyota, Inc. TX$5.0M · 0.55%
Caroffer, LLC TX$5.0M · 0.42%
Raz Imports, Inc. TX$4.8M · 0.01%
Square Grove LLC TX$4.6M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472043243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.