Plan Ledger DOL Form 5500 · updated monthly

Terraphase Engineering401(k)

TERRAPHASE ENGINEERING 401(K) PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Terraphase Engineering reported $68,521 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $7,905 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 0.59% to 0.25%. 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 2,651st-largest of 9,483 plans among California employers on file, and the 4,145th of 11,654 in professional & technical services. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 121 to 160 since 2022.

Plan summary
Net assets, end of year$30,297,136
Participants with balances187
Active participants160
Employer contributions$1,264,839
Employee contributions$1,659,418
Employer contribution per active participant$7,905
Average account balance$162,017
Benefits paid to participants$3,674,949
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 187 accts · $1.3M emplr
2023$25.1M · 177 accts · $1.1M emplr
2022$15.4M · 121 accts · $874K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,521
Total administrative$68,521
The Terraphase Engineering 401(k) match · 2024
Employer contribution per active participant$7,905
Median for plans this size$2,416
2024$7,905 per active participant
2023$7,039 per active participant
2022$7,224 per active participant

Terraphase Engineering'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 · 20244
EDWARD D JONES & CO LP · Investment advisory (plan)$49,307
HICKS PENSION SERVICES · Contract administrator$4,775
EMPOWER ADVISORY GROUP, LLC · Investment management$738

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$68,521 · 0.25%
2023$60,771 · 0.30%
2022$91,972 · 0.59%
Same employer
Similar plansProfessional & Technical Services · California
Ise Labs, Inc. CA$30.4M · 0.02%
Phoenix Technologies, Inc. CA$30.4M · 0.25%
Intellisense Systems, Inc. CA$30.4M · 0.21%
Wilson Turner Kosmo LLP CA$30.4M · 0.53%
Appdirect CA$30.3M · 0.15%
Doheny Eye Institute CA$30.3M · 0.11%
Sorrento Therapeutics, Inc. CA$30.3M · 0.03%
Freenome Holdings Inc. CA$30.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273543127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.