Tessco Technologies Incorporated401(k)
TESSCO TECHNOLOGIES INCORPORATED 401(K) RETIREMENT SAVINGS PLAN · HUNT VALLEY, MD · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Tessco Technologies Incorporated reported $175,080 in plan administrative expenses for 2023: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,151 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 has held roughly steady near 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other information & media employers. By assets it is the 287th-largest of 1,671 plans among Maryland employers on file, and the 459th of 2,199 in information & media. In 2023, employees put in $3.44 for every $1.00 the employer contributed; active participation has shrunk from 533 to 422 since 2022.
Tessco Technologies Incorporated's 2023 employer contribution ran below the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 520729657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.