Plan Ledger DOL Form 5500 · updated monthly

Tegus, Inc.401(k)

TEGUS, INC 401(K) PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.26%

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

Tegus, Inc. reported $24,395 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,702 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 1 year on file its reported administrative ratio fell from 0.35% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,222nd of 3,702), and 3,784th of 4,798 in finance & insurance. In 2023, employees put in $3.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,021,736
Participants with balances491
Active participants321
Employer contributions$867,297
Employee contributions$3,188,770
Employer contribution per active participant$2,702
Average account balance$24,484
Benefits paid to participants$1,165,737
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $599K emplr
2023$12.0M · 491 accts · $867K emplr
2022$1K · 448 accts · $609K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,388
Investment management$21,007
Total administrative$24,395
The Tegus, Inc. 401(k) match · 2023
Employer contribution per active participant$2,702
Median for plans this size$1,308

Tegus, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$20,789
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,388

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

Administrative cost history3
2024Not separately reported
2023$24,395 · 0.26%
2022$5,692 · 0.35%
Same employer
Similar plansFinance & Insurance · Illinois
Hickory Point Bank & Trust IL$12.5M · 0.54%
Pontiac Bancorp, Inc. IL$12.3M · 0.46%
Maestro Health, Inc. IL$11.8M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822209563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.