Plan Ledger DOL Form 5500 · updated monthly

Tes Services Inc.401(k)

TES SERVICES INC. 401(K) PLAN · CASPER, WY · plan year 2024

Reported admin expense ratio · 2024
2.95%

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

Tes Services Inc. reported $73,078 in plan administrative expenses for 2024: 2.95% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,406 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 1 year on file its reported administrative ratio rose from 2.12% to 2.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Wyoming (65th of 81), and 2,664th of 3,341 in other services. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,016,903
Participants with balances299
Active participants256
Employer contributions$616,016
Employee contributions$1,039,768
Employer contribution per active participant$2,406
Average account balance$10,090
Benefits paid to participants$988,969
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN, PC
Plan history2
Yearassets · accounts · employer contribution
2024$3.0M · 299 accts · $616K emplr
2023$1.9M · 392 accts · $797K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,078
Total administrative$73,078
The Tes Services Inc. 401(k) match · 2024
Employer contribution per active participant$2,406
Median for plans this size$1,313
2024$2,406 per active participant
2023$2,530 per active participant

Tes Services Inc.'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
ADP, INC. · Loan processing · Recordkeeping$73,078

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
2023ADP

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

Administrative cost history2
2024$73,078 · 2.95%
2023$41,143 · 2.12%
Same employer
Similar plansOther Services · Wyoming
Roberts Aircraft Co. WY$8.3M · 0.02%
Fouts Bros. Inc. GA$3.0M · 0.29%
My Own Place, Inc. MD$3.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980406260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.