Plan Ledger DOL Form 5500 · updated monthly

Tek-Experts (Colorado), Inc.401(k)

TEK-EXPERTS (COLORADO) 401(K) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Tek-Experts (Colorado), Inc. reported $13,288 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $663 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 0.39% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Colorado (1,192nd of 1,461), and 10,550th of 11,654 in professional & technical services. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 365 to 426 since 2022.

Plan summary
Net assets, end of year$2,974,137
Participants with balances174
Active participants426
Employer contributions$282,249
Employee contributions$562,653
Employer contribution per active participant$663
Average account balance$17,093
Benefits paid to participants$588,015
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 174 accts · $282K emplr
2023$2.2M · 169 accts · $275K emplr
2022$1.2M · 139 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,555
Total administrative$13,288
The Tek-Experts (Colorado), Inc. 401(k) match · 2024
Employer contribution per active participant$663
Median for plans this size$1,313
2024$663 per active participant
2023$529 per active participant
2022$535 per active participant

Tek-Experts (Colorado), Inc.'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 · 20243
LPL FINANCIAL LLC · Investment advisory (plan)$11,455
CAPITAL GROUP RETIREMENT PLAN SRVC$6,580
ASCENSUS DBA FUTUREPLAN ADMIN · Contract administrator$5,950

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$13,288 · 0.51%
2023$7,066 · 0.41%
2022$4,688 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Colorado
Magic Memories USA LLC CO$3.4M · 0.60%
Brainyak CO$2.8M · 0.50%
Balfour Payroll, LLC CO$2.6M · 0.94%
The Community Firm CO$2.4M · 0.17%
Safegraph CO$2.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611775635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.