Plan Ledger DOL Form 5500 · updated monthly

Teracom Services, LLC401(k)

TERACOM SERVICES, LLC 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Teracom Services, LLC reported $20,320 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,054 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 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Arizona (996th of 1,285), and 4,590th of 5,337 in construction. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 129 to 149 since 2022.

Plan summary
Net assets, end of year$2,778,651
Participants with balances308
Active participants149
Employer contributions$306,077
Employee contributions$572,292
Employer contribution per active participant$2,054
Average account balance$9,022
Benefits paid to participants$388,380
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 308 accts · $306K emplr
2023$2.0M · 275 accts · $218K emplr
2022$1.5M · 188 accts · $163K emplr
Administrative expenses, itemized · 2024
Investment management$20,320
Total administrative$20,320
The Teracom Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,054
Median for plans this size$1,313
2024$2,054 per active participant
2023$1,076 per active participant
2022$1,266 per active participant

Teracom Services, LLC's 2024 employer contribution ran above 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 · 20241
HUMAN INTEREST ADVISOR LLC · Contract administrator · Investment advisory (plan)$20,320

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$20,320 · 0.85%
2023$14,465 · 0.83%
2022$11,651 · 0.82%
Same employer
Similar plansConstruction · Arizona
Spencer Construction, LLC AZ$3.0M · 1.78%
Midstate Mechanical, Inc. AZ$3.0M · 0.52%
Elevation Solar LLC AZ$2.5M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452986569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.