Plan Ledger DOL Form 5500 · updated monthly

Tegra LLC401(k)

TEGRA LLC 401(K) SAVINGS & INVESTMENT PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Tegra LLC reported $46,608 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $717 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 1.44% to 0.72%. 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 Virginia (1,692nd of 2,266), and 10,379th of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,608,558
Participants with balances217
Active participants346
Employer contributions$248,060
Employee contributions$451,872
Employer contribution per active participant$717
Average account balance$30,454
Benefits paid to participants$1,105,692
Plan auditUnmodified (clean) audit opinion
AuditorWINDAM BRANNON
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 217 accts · $248K emplr
2023$6.4M · 280 accts · $261K emplr
2022$5.9M · $383K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,783
Investment management$30,825
Audit (IQPA)$8,000
Total administrative$46,608
The Tegra LLC 401(k) match · 2024
Employer contribution per active participant$717
Median for plans this size$1,313
2024$717 per active participant
2023$485 per active participant

Tegra LLC's 2024 employer contribution ran below the $1,313 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 · 20244
PROCYON PARTNERS LLC DBA PROCYON AD · Investment advisory (plan)$24,380
WINDHAM BRANNON LLC · Accounting / audit$8,000
EMPOWER ADVISORY GROUP, LLC · Investment management$6,445

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$46,608 · 0.72%
2023$35,577 · 0.58%
2022$94,663 · 1.44%
Same employer
Similar plansManufacturing · Virginia
B-Squared Medical, LLC VA$7.3M · 0.43%
Applied Felts, Inc. VA$7.1M · 1.00%
Premiere Fibers, LLC VA$6.1M · 0.72%
Oak Hall Industries, LP VA$6.0M · 0.64%
Open Plan Systems VA$5.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813245492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.