Plan Ledger DOL Form 5500 · updated monthly

Tetco, Inc.401(k)

TETCO, INC. EMPLOYEES' SAVINGS PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Tetco, Inc. reported $109,945 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $356 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 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,787th-largest of 5,688 plans among Texas employers on file, and the 1,237th of 5,215 in retail trade. In 2024, employees put in $2.85 for every $1.00 the employer contributed; active participation has grown from 591 to 723 since 2022.

Plan summary
Net assets, end of year$24,164,219
Participants with balances217
Active participants723
Employer contributions$257,342
Employee contributions$733,145
Employer contribution per active participant$356
Average account balance$111,356
Benefits paid to participants$2,724,369
Plan auditUnmodified (clean) audit opinion
AuditorSOL SCHWARTZ & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 217 accts · $257K emplr
2023$22.6M · 245 accts · $238K emplr
2022$22.6M · 243 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,538
Investment management$51,407
Total administrative$109,945
The Tetco, Inc. 401(k) match · 2024
Employer contribution per active participant$356
Median for plans this size$2,416
2024$356 per active participant
2023$436 per active participant
2022$472 per active participant

Tetco, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping$59,946
LOCKTON INVESTMENT ADVISORS, LLC · Investment advisory (plan)$25,000
CREATIVE PLANNING · Investment advisory (plan)$25,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$109,945 · 0.47%
2023$103,035 · 0.46%
2022$100,792 · 0.46%
Same employer
Similar plansRetail Trade · Texas
Redi-Carpet, Inc. TX$25.3M · 0.34%
Complete Rx, LTD. TX$23.9M · 0.36%
Auto, Lllp dba Autoinc TX$23.4M · 0.36%
Cavender Cadillac Company TX$23.2M · 0.07%
Indigo Auto Group TX$22.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742240616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.