Plan Ledger DOL Form 5500 · updated monthly

Teksynap Corporation401(k)

TEKSYNAP CORPORATION 401(K) PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Teksynap Corporation reported $165,832 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,749 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 0.52% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 427th-largest of 2,266 plans among Virginia employers on file, and the 2,363rd of 11,654 in professional & technical services. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 924 to 1,177 since 2022.

Plan summary
Net assets, end of year$60,387,067
Participants with balances1,099
Active participants1,177
Employer contributions$4,412,105
Employee contributions$8,261,240
Employer contribution per active participant$3,749
Average account balance$54,947
Benefits paid to participants$6,126,240
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.4M · 1,099 accts · $4.4M emplr
2023$44.4M · 968 accts · $3.6M emplr
2022$28.7M · 795 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,504
Investment management$55,328
Total administrative$165,832
The Teksynap Corporation 401(k) match · 2024
Employer contribution per active participant$3,749
Median for plans this size$3,635
2024$3,749 per active participant
2023$3,215 per active participant
2022$3,223 per active participant

Teksynap Corporation's 2024 employer contribution ran above the $3,635 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
ADP, INC. · Loan processing · Recordkeeping$125,804
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$40,027
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$165,832 · 0.32%
2023$171,175 · 0.47%
2022$142,931 · 0.52%
Same employer
Similar plansProfessional & Technical Services · Virginia
Stg International, Inc. VA$61.7M · 0.97%
Torc Robotics, Inc. VA$61.4M · 0.04%
N-Ask, Inc. VA$60.3M
Fibertek, Inc. VA$59.6M · 0.09%
Yount, Hyde & Barbour, P.C. VA$59.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263111285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.