Plan Ledger DOL Form 5500 · updated monthly

Tenica and Associates LLC401(k)

TENICA AND ASSOCIATES LLC 401(K) PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Tenica and Associates LLC reported $132,247 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,393 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 0.690%. 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 950th-largest of 2,266 plans among Virginia employers on file, and the 5,317th of 11,654 in professional & technical services. In 2024, employees put in $2.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,305,220
Participants with balances220
Active participants235
Employer contributions$797,247
Employee contributions$1,767,876
Employer contribution per active participant$3,393
Average account balance$96,842
Benefits paid to participants$2,510,347
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 220 accts · $797K emplr
2023$17.0M · 212 accts · $834K emplr
2022$12.2M · 195 accts · $731K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,247
Total administrative$132,247
The Tenica and Associates LLC 401(k) match · 2024
Employer contribution per active participant$3,393
Median for plans this size$2,416
2024$3,393 per active participant
2023$3,521 per active participant
2022$2,948 per active participant

Tenica and Associates LLC's 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$132,176
PBMARES, LLP · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$132,247 · 0.69%
2023$105,551 · 0.72%
2022$90,213 · 0.69%
Same employer
Similar plansProfessional & Technical Services · Virginia
Sila Solutions Group VA$21.8M · 0.76%
Brillient Corporation VA$21.8M · 0.70%
Kaleo, Inc. VA$21.7M · 0.34%
Hawaii Pacific Foundation VA$21.3M · 0.09%
Network Designs, Inc. VA$21.3M · 0.45%
PHASE2 Technology, LLC VA$21.1M · 0.46%
Kms Solutions, LLC VA$21.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262669002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.