Plan Ledger DOL Form 5500 · updated monthly

Terrasond Limited401(k)

TERRASOND LIMITED 401(K) PLAN · PALMER, AK · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Terrasond Limited reported $25,056 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $23,490 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 rose from 0.27% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Alaska (115th of 160), and 9,040th of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 59 to 9 since 2022.

Plan summary
Net assets, end of year$7,007,397
Participants with balances86
Active participants9
Employer contributions$211,407
Employee contributions$387,229
Employer contribution per active participant$23,490
Average account balance$81,481
Benefits paid to participants$480,022
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 86 accts · $211K emplr
2023$6.0M · 107 accts · $131K emplr
2022$5.9M · 121 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,056
Total administrative$25,056
The Terrasond Limited 401(k) match · 2024
Employer contribution per active participant$23,490
Median for plans this size$1,313
2024$23,490 per active participant
2023$1,773 per active participant
2022$2,404 per active participant

Terrasond Limited's 2024 employer contribution ran above the $1,313 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$25,056

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$25,056 · 0.39%
2023$26,766 · 0.45%
2022$19,778 · 0.27%
Similar plansProfessional & Technical Services · Alaska
R & M Consultants, Inc. AK$33.5M · 0.01%
Crw Engineering Group, Inc. AK$24.4M · 0.02%
Solstenxp Inc. AK$9.8M · 0.34%
Grant Aviation, Inc. AK$2.5M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203556355 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.