Plan Ledger DOL Form 5500 · updated monthly

Tekla Research, Inc.401(k)

TEKLA RESEARCH, INC. 401(K) PLAN · FREDERICKSBURG, VA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Tekla Research, Inc. reported $121,509 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $6,335 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 3 years on file its reported administrative ratio has held roughly steady near 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 730th-largest of 2,266 plans among Virginia employers on file, and the 4,123rd of 11,654 in professional & technical services. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,438,398
Participants with balances362
Active participants276
Employer contributions$1,748,587
Employee contributions$2,358,484
Employer contribution per active participant$6,335
Average account balance$84,084
Benefits paid to participants$5,044,242
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 362 accts · $1.7M emplr
2023$27.0M · 347 accts · $1.7M emplr
2022$20.0M · 350 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,509
Total administrative$121,509
The Tekla Research, Inc. 401(k) match · 2024
Employer contribution per active participant$6,335
Median for plans this size$2,416
2024$6,335 per active participant
2023$6,144 per active participant
2022$6,055 per active participant

Tekla Research, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$121,509

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$121,509 · 0.42%
2023$93,823 · 0.40%
2022$83,766 · 0.41%
Same employer
Similar plansProfessional & Technical Services · Virginia
Metrostar Systems, LLC VA$30.9M · 0.44%
Kudu Dynamics VA$30.6M · 0.20%
Buchanan & Edwards, Inc. VA$30.5M · 0.44%
Cexec, Inc. VA$30.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541773706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.